51Talk Online Education Group (NYSE:COE) to Repurchase $0.00 in Outstanding Shares

51Talk Online Education Group (NYSE:COE) announced that its Board of Directors has initiated a stock buyback plan on Monday, December 8th, RTT News reports. The company plans to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

51Talk Online Education Group Stock Down 12.2%

COE opened at $36.21 on Tuesday. The company has a market cap of $211.72 million, a PE ratio of -20.23 and a beta of 0.27. 51Talk Online Education Group has a twelve month low of $13.06 and a twelve month high of $56.13. The company has a 50-day moving average price of $44.37 and a 200 day moving average price of $37.04.

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

51Talk Online Education Group Company Profile

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51Talk Online Education Group, through its subsidiaries, provides online English language education services to students in the People's Republic of China, the Philippines, and internationally. The company operates online and mobile education platforms that enable students to take live interactive English and Chinese lessons.