China Online Education Group (NYSE:COE) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of China Online Education Group (NYSE:COEGet Rating) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

COE stock opened at $1.37 on Wednesday. The company’s 50-day simple moving average is $1.47 and its 200-day simple moving average is $1.59. China Online Education Group has a 52-week low of $0.76 and a 52-week high of $22.63. The firm has a market cap of $29.56 million, a P/E ratio of 1.90 and a beta of -0.72.

China Online Education Group (NYSE:COEGet Rating) last issued its quarterly earnings results on Thursday, March 24th. The company reported $0.50 earnings per share for the quarter. The firm had revenue of $88.65 million for the quarter. China Online Education Group had a net margin of 4.91% and a negative return on equity of 12.88%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Redpoint Investment Management Pty Ltd acquired a new stake in shares of China Online Education Group during the 1st quarter worth approximately $213,000. Renaissance Technologies LLC increased its holdings in shares of China Online Education Group by 7.4% during the 4th quarter. Renaissance Technologies LLC now owns 276,400 shares of the company’s stock worth $334,000 after buying an additional 19,100 shares during the last quarter. Acadian Asset Management LLC increased its holdings in China Online Education Group by 121.5% in the 4th quarter. Acadian Asset Management LLC now owns 361,157 shares of the company’s stock valued at $436,000 after purchasing an additional 198,123 shares during the last quarter. Jane Street Group LLC acquired a new stake in China Online Education Group in the 3rd quarter valued at approximately $114,000. Finally, Two Sigma Securities LLC acquired a new stake in China Online Education Group in the 3rd quarter valued at approximately $43,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

About China Online Education Group (Get Rating)

China Online Education Group, through its subsidiaries, provides online English language education services to students in the People's Republic of China and the Philippines. The company operates online and mobile education platforms that enable students to take live interactive English lessons with international foreign teachers.

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