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

51Talk Online Education Group (NYSE:COE) crossed 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 trading hands.

51Talk Online Education Group Trading Up 3.4%

The company has a market capitalization of $163.25 million, a PE ratio of -15.60 and a beta of 0.25. The business has a fifty day moving average of $31.30 and a 200 day moving average of $37.76.

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

51Talk Online Education Group announced that its board has initiated a share repurchase plan on Monday, December 8th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On 51Talk Online Education Group

An institutional investor recently raised its position in 51Talk Online Education Group stock. JPMorgan Chase & Co. raised its holdings in shares of 51Talk Online Education Group (NYSE:COE) by 74.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,802 shares of the company’s stock after acquiring an additional 16,150 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.65% of 51Talk Online Education Group worth $1,247,000 as of its most recent filing with the SEC.

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.