China Online Education Group (COE) Sets New 12-Month Low at $11.87

China Online Education Group (NYSE:COE) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $11.87 and last traded at $12.31, with a volume of 28200 shares changing hands. The stock had previously closed at $12.42.

Separately, ValuEngine raised China Online Education Group from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st.

China Online Education Group (NYSE:COE) last announced its earnings results on Friday, August 25th. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($1.04). The firm had revenue of $28.29 million during the quarter.

Several institutional investors have recently made changes to their positions in COE. Dalton Investments LLC acquired a new stake in shares of China Online Education Group during the second quarter valued at about $674,000. Bank of New York Mellon Corp acquired a new stake in shares of China Online Education Group during the third quarter valued at about $515,000. Dimensional Fund Advisors LP acquired a new stake in shares of China Online Education Group during the third quarter valued at about $168,000. OxFORD Asset Management LLP acquired a new stake in shares of China Online Education Group during the third quarter valued at about $221,000. Finally, Sylebra HK Co Ltd acquired a new stake in shares of China Online Education Group during the third quarter valued at about $4,384,000. Institutional investors own 25.43% of the company’s stock.

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About China Online Education Group

China Online Education Group is engaged in providing online English language education services to students in the People’s Republic of China (the PRC). The Company operates an online education platform that provides online tutoring programs to students through the Internet. Its platform analyzes teachers’ teaching aptitudes, feedback and rating from students, as well as background, and recommends suitable teachers to students according to their respective characteristics and learning objectives.

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