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Here’s What you Should Know About Surging Aftermarket Stock of China Online Education Group (COE)

China Online Education Group (COE) is a principal virtual educational provider in China with expertise in English language proficiency. The company operates through online and mobile educational platforms. One of the leading courses of the program include Classic English Junior to develop the language communication skills. The company provides its students with the finest foreign English teachers.

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The price of COE stock during the regular trading hours of January 7, 2022 was $1.10 with a significant decline of 5.98%. At last check in the aftermarket, the stock was up by 6.36%.

COE: Events and Happenings

On December 21, 2021, COE reported about receipt of notification from the New York Stock Exchange, about the company’s below compliance standards because of several factors such as the overall market capitalization and stockholders’ equity.

On November 11, 2021, COE reported that the company’s executives presented at the Virtual Depositary Receipts Investor Conference held on November 16-17, 2021.

COE: Key Financials

On September 28, 2021, COE reported about its financial results for the second quarter ended June 30, 2021. Some of the key highlights are as follows

Revenue

Net revenues for the second quarter 2021 were RMB579.8 million or $89.8 million as compare to the same period of 2020 when it was RMB493.5 million. The company showed an increase of 17.5% over the year period.

Net Loss per Share

Basic and dilute net loss per share for the second quarter 2021 was RMB27 million or $4.2 million or RMB0.08 per share as compared to the net income for the same period to be RMB32.8 million or RMB0.10 per share.

Total Current Assets

Total current assets of the company for the quarter ended June 30, 2021 were RMB1560 million or $241.6 million.

Conclusion

COE stock is 29% down the past month but the latest aftermarket increase is attributed to the uncertainty in the market environment. The analysts are hoping that the company is in good shape to attract the potential investment by refining its policies.

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