StockNews.com Initiates Coverage on China Online Education Group (NYSE:COE)

StockNews.com started coverage on shares of China Online Education Group (NYSE:COE – Get Rating) in a report issued on Thursday. The brokerage set a “hold” rating on the stock.

Shares of NYSE COE opened at $1.46 on Thursday. The firm’s 50 day moving average price is $1.47 and its 200-day moving average price is $1.54. The company has a market cap of $31.50 million, a PE ratio of 2.03 and a beta of -0.51. China Online Education Group has a 52-week low of $0.76 and a 52-week high of $20.40.

China Online Education Group (NYSE:COE – Get Rating) last issued its earnings results on Thursday, March 24th. The company reported $0.50 earnings per share (EPS) 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 modified their holdings of the company. Redpoint Investment Management Pty Ltd bought a new position in shares of China Online Education Group in the first quarter worth approximately $213,000. BlackRock Inc. lifted its position in China Online Education Group by 20.9% during the third quarter. BlackRock Inc. now owns 57,142 shares of the company’s stock valued at $149,000 after purchasing an additional 9,862 shares during the period. Prescott Group Capital Management L.L.C. bought a new position in China Online Education Group during the third quarter valued at approximately $26,000. Goldman Sachs Group Inc. bought a new position in China Online Education Group during the second quarter valued at approximately $89,000. Finally, Two Sigma Securities LLC bought a new position in China Online Education Group during the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.

China Online Education Group Company Profile (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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