The stock of Cooper Energy Ltd. (ASX:COE) hit a new 52-week low and has $0.27 target or 14.00% below today’s $0.31 share price. The 8 months bearish chart indicates high risk for the $204.22 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $0.27 price target is reached, the company will be worth $28.59 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock closed at $0.31 during the last session. It is down 26.53% since April 7, 2016 and is uptrending. It has outperformed by 25.32% the S&P500.
According to Zacks Investment Research, “China Online Education Group provides online education platform primarily in China. The Company offers english language education services through online and mobile education platforms. China Online Education Group is headquartered in Beijing, the People’s Republic of China.”
More news for Cooper Energy Ltd. (ASX:COE) were recently published by: Worldoil.com, which released: “Cooper Energy recommences drilling with Callawonga-12 in South Australia” on August 18, 2016. Fool.com.Au‘s article titled: “Cooper Energy Ltd. reports loss of $58 million: Here’s what you need to know” and published on February 16, 2015 is yet another important article.
COE Company Profile
China Online Education Group is engaged in operating an online education platform, which focuses on English education. As of June 7, 2016, the Company had developed online and mobile education platforms that enable students across China to take one-on-one live interactive English lessons with overseas foreign teachers, on demand, fostering the development of various aspects of English proficiency. The Firm employs student and teacher feedback and data analytics to deliver a personalized learning experience. The Firm connects its students with a range of foreign teachers, which it has assembled using a shared economy approach. Once its teachers have gone through its selection and training process, it helps in delivering lessons based on their own scheduling availability, at various locations of their choice, and get paid based on the number of lessons taught. The Company’s 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. It helps in accommodating and addressing students’ individual learning behaviors and needs. The Firm has geographical presence in China and the Philippines.
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