51Talk Online Education Group (NYSE:COE) Board of Directors Announces Share Buyback Plan

51Talk Online Education Group (NYSE:COE) declared that its board has approved a stock buyback plan on Monday, December 8th, RTT News reports. The company plans to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

51Talk Online Education Group Stock Up 2.2%

Shares of NYSE:COE opened at $37.00 on Wednesday. The stock has a market cap of $216.34 million, a PE ratio of -20.67 and a beta of 0.27. The company’s fifty day moving average is $44.23 and its 200 day moving average is $37.16. 51Talk Online Education Group has a 52 week low of $13.06 and a 52 week high of $56.13.

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