China Distance Education (NYSE:DL) Trading Up 13%

China Distance Education Holdings Ltd (NYSE:DL) was up 13% during trading on Wednesday . The company traded as high as $5.40 and last traded at $5.30, approximately 202,907 shares were traded during mid-day trading. An increase of 892% from the average daily volume of 20,458 shares. The stock had previously closed at $4.69.

A number of research analysts have commented on DL shares. TheStreet lowered China Distance Education from a “c” rating to a “d+” rating in a report on Wednesday, June 26th. Zacks Investment Research lowered China Distance Education from a “buy” rating to a “hold” rating in a report on Thursday, August 22nd.

The business has a 50-day moving average price of $4.56 and a two-hundred day moving average price of $5.74. The stock has a market capitalization of $156.60 million, a P/E ratio of 12.62, a P/E/G ratio of 0.57 and a beta of 1.11.

China Distance Education (NYSE:DL) last released its earnings results on Tuesday, August 13th. The technology company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.05). The company had revenue of $61.75 million for the quarter, compared to the consensus estimate of $63.74 million. China Distance Education had a net margin of 8.72% and a return on equity of 15.80%. As a group, research analysts forecast that China Distance Education Holdings Ltd will post 0.55 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in shares of China Distance Education by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 319,500 shares of the technology company’s stock valued at $1,661,000 after acquiring an additional 3,600 shares during the period. Van Berkom & Associates Inc. lifted its position in shares of China Distance Education by 3.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 344,670 shares of the technology company’s stock worth $1,792,000 after buying an additional 11,505 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of China Distance Education by 12.4% during the 2nd quarter. Wells Fargo & Company MN now owns 1,879,104 shares of the technology company’s stock worth $9,771,000 after buying an additional 207,180 shares during the last quarter. Hedge funds and other institutional investors own 20.25% of the company’s stock.

China Distance Education Company Profile (NYSE:DL)

China Distance Education Holdings Ltd. engages in the provision of online education in China, which focuses on professional education. The company offers online courses through its websites, which are designed to help course participants obtain and maintain the skills, licenses and certifications necessary to pursue careers and professions in China.

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