China Distance Education Holdings Ltd. Reaches New 12-Month High at $21.65 (DL)
China Distance Education Holdings (NYSE:DL)’s share price reached a new 52-week high during trading hours on Wednesday, AnalystRatingsNetwork reports. The company traded as high as $21.65 and last traded at $21.63, with a volume of 495,580 shares traded. The stock had previously closed at $19.97.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of China Distance Education Holdings from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 8th. They now have a $21.00 price target on the stock. Analysts at Piper Jaffray initiated coverage on shares of China Distance Education Holdings in a research note to investors on Friday, January 3rd. They set an “overweight” rating on the stock.
China Distance Education Holdings has a 52-week low of $4.31 and a 52-week high of $21.15. The stock has a 50-day moving average of $18.72 and a 200-day moving average of $12.62. The company has a market cap of $754.8 million and a price-to-earnings ratio of 49.92.
China Distance Education Holdings (NYSE:DL) last announced its earnings results on Thursday, November 21st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.15. During the same quarter in the previous year, the company posted $0.11 earnings per share. On average, analysts predict that China Distance Education Holdings will post $0.50 earnings per share for the current fiscal year.
China Distance Education Holdings Limited (NYSE:DL) offers a range of online education and test preparation courses and other related services and products.
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