China Distance Education Holdings Ltd. (NYSE:DL) saw an uptick in trading volume on Wednesday . 120,001 shares were traded during mid-day trading, an increase of 37% from the previous session’s volume of 87,829 shares.The stock last traded at $13.04 and had previously closed at $12.72.

Several research firms have recently weighed in on DL. Credit Suisse Group AG upgraded China Distance Education Holdings from an “underperform” rating to a “neutral” rating in a research note on Friday, September 2nd. Piper Jaffray Cos. restated a “buy” rating and issued a $14.00 price target on shares of China Distance Education Holdings in a research note on Wednesday, August 24th. Finally, TheStreet cut China Distance Education Holdings from a “buy” rating to a “hold” rating in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. China Distance Education Holdings currently has a consensus rating of “Hold” and an average target price of $12.65.

The stock has a market capitalization of $426.52 million, a P/E ratio of 16.26 and a beta of 1.34. The company has a 50 day moving average of $11.24 and a 200 day moving average of $12.11.

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China Distance Education Holdings (NYSE:DL) last announced its quarterly earnings data on Tuesday, August 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.12. China Distance Education Holdings had a return on equity of 45.12% and a net margin of 24.01%. The company had revenue of $30.80 million for the quarter, compared to analysts’ expectations of $28.10 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. On average, equities research analysts forecast that China Distance Education Holdings Ltd. will post $0.72 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in DL. GSA Capital Partners LLP boosted its position in shares of China Distance Education Holdings by 51.7% in the second quarter. GSA Capital Partners LLP now owns 22,597 shares of the company’s stock valued at $234,000 after buying an additional 7,697 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of China Distance Education Holdings by 42.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 23,620 shares of the company’s stock valued at $348,000 after buying an additional 7,002 shares during the period. Van Berkom & Associates Inc. bought a new stake in shares of China Distance Education Holdings during the second quarter valued at about $587,000. Aviva PLC boosted its stake in shares of China Distance Education Holdings by 8.6% in the second quarter. Aviva PLC now owns 167,588 shares of the company’s stock valued at $1,736,000 after buying an additional 13,322 shares during the period. Finally, Herald Investment Management Ltd boosted its stake in shares of China Distance Education Holdings by 46.3% in the second quarter. Herald Investment Management Ltd now owns 206,473 shares of the company’s stock valued at $2,132,000 after buying an additional 65,380 shares during the period. 19.18% of the stock is currently owned by institutional investors.

China Distance Education Holdings Company Profile

China Distance Education Holdings Limited (CDEL) is a holding company, which is engaged in providing online and offline education services, and selling related products in the People’s Republic of China (PRC). The Company focuses on professional education, and helping professionals that aim to obtain and maintain professional licenses.

5 Day Chart for NYSE:DL

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