51Talk Online Education Group (NYSE:COE) Shares Pass Below 50-Day Moving Average – Should You Sell?

51Talk Online Education Group (NYSE:COE)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $31.60 and traded as low as $26.77. 51Talk Online Education Group shares last traded at $26.89, with a volume of 1,889 shares traded.

51Talk Online Education Group Stock Performance

The company’s 50 day simple moving average is $31.60 and its 200-day simple moving average is $37.72. The firm has a market capitalization of $156.90 million, a PE ratio of -14.63 and a beta of 0.25.

51Talk Online Education Group (NYSE:COE) last released its quarterly earnings results on Monday, December 8th. The company reported ($0.80) earnings per share for the quarter. During the same period in the previous year, the company earned ($0.11) EPS.

51Talk Online Education Group announced that its board has authorized a share buyback plan on Monday, December 8th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of 51Talk Online Education Group

A hedge fund recently raised its stake in 51Talk Online Education Group stock. JPMorgan Chase & Co. increased its holdings in 51Talk Online Education Group (NYSE:COE) by 74.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,802 shares of the company’s stock after purchasing an additional 16,150 shares during the period. JPMorgan Chase & Co. owned approximately 0.65% of 51Talk Online Education Group worth $1,247,000 as of its most recent SEC filing.

About 51Talk Online Education Group

51Talk Online Education Group (NYSE: COE) operates as an online English language learning platform, offering live one-on-one and small group instruction to students. The company leverages a proprietary digital classroom that connects learners predominantly in Mainland China with international instructors, primarily based in the Philippines. Its core offerings focus on English proficiency training for children and adults, covering general conversational skills, exam preparation, and business English.

The company’s service portfolio includes tailored course packages for different age groups, such as preschool learners, primary and secondary school students, and adult professionals.