China Online Education Group (NYSE:COE) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of China Online Education Group (NYSE:COEGet Rating) in a research report issued on Sunday. The firm set a “hold” rating on the stock.

NYSE:COE opened at $1.19 on Friday. The firm has a market capitalization of $25.68 million, a price-to-earnings ratio of 1.65 and a beta of -0.52. China Online Education Group has a 52-week low of $0.76 and a 52-week high of $13.88. The stock has a fifty day moving average of $1.42 and a 200 day moving average of $1.38.

China Online Education Group (NYSE:COEGet Rating) last released its quarterly earnings results on Thursday, March 24th. The company reported $0.50 earnings per share for the quarter. China Online Education Group had a negative return on equity of 12.96% and a net margin of 4.91%. The business had revenue of $88.65 million for the quarter.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in China Online Education Group by 20.9% during the 3rd quarter. BlackRock Inc. now owns 57,142 shares of the company’s stock valued at $149,000 after buying an additional 9,862 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in China Online Education Group during the 3rd quarter valued at $43,000. Renaissance Technologies LLC increased its stake in shares of China Online Education Group by 7.4% in the 4th quarter. Renaissance Technologies LLC now owns 276,400 shares of the company’s stock worth $334,000 after purchasing an additional 19,100 shares in the last quarter. Morgan Stanley increased its stake in shares of China Online Education Group by 10,002.3% in the 3rd quarter. Morgan Stanley now owns 93,749 shares of the company’s stock worth $245,000 after purchasing an additional 92,821 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of China Online Education Group in the 3rd quarter worth $114,000. 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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