China Online Education Group (NYSE:COE) released its earnings results on Monday, December 17th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.59), Morningstar.com reports. The firm had revenue of $44.14 million during the quarter. China Online Education Group updated its Q4 2018 guidance to EPS.
COE stock traded down $0.05 during midday trading on Tuesday, reaching $5.15. The stock had a trading volume of 14,927 shares, compared to its average volume of 7,600. China Online Education Group has a 52-week low of $5.20 and a 52-week high of $14.39.
A hedge fund recently raised its stake in China Online Education Group stock. Indus Capital Partners LLC increased its position in shares of China Online Education Group – (NYSE:COE) by 9.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 78,914 shares of the company’s stock after buying an additional 7,000 shares during the quarter. Indus Capital Partners LLC owned about 0.39% of China Online Education Group worth $852,000 at the end of the most recent reporting period. Institutional investors own 27.18% of the company’s stock.
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China Online Education Group Company Profile
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. It operates online and mobile education platforms that enable students to take live interactive English lessons with international foreign teachers.
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