Symmetry Peak Management LLC Acquires New Position in China Online Education Group (COE)

Symmetry Peak Management LLC acquired a new position in China Online Education Group (NYSE:COE) during the first quarter, according to its most recent filing with the SEC. The institutional investor acquired 12,500 shares of the company’s stock, valued at approximately $240,000. Symmetry Peak Management LLC owned approximately 0.06% of China Online Education Group at the end of the most recent reporting period.

Institutional Ownership by Quarter for China Online Education Group (NYSE:COE)

China Online Education Group (NYSE COE) traded up 2.23% on Monday, reaching $16.07. 16,435 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $16.73 and its 200 day moving average is $15.74. The company’s market cap is $321.80 million. China Online Education Group has a 52 week low of $12.45 and a 52 week high of $25.24.

China Online Education Group (NYSE:COE) last released its quarterly earnings results on Monday, May 22nd. The company reported ($1.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $1.04. The firm had revenue of $23.18 million during the quarter. On average, equities analysts anticipate that China Online Education Group will post ($3.24) earnings per share for the current year.

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Separately, Zacks Investment Research downgraded shares of China Online Education Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 5th.

China Online Education Group Company Profile

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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