China Distance Education (DL) Upgraded at ValuEngine

China Distance Education (NYSE:DL) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

Shares of China Distance Education (NYSE:DL) traded down $0.02 during mid-day trading on Friday, reaching $8.83. 53,775 shares of the company’s stock traded hands, compared to its average volume of 54,387. The company has a market capitalization of $291.07, a price-to-earnings ratio of 18.40 and a beta of 1.63. China Distance Education has a twelve month low of $6.61 and a twelve month high of $12.89.

Hedge funds have recently made changes to their positions in the business. State Street Corp raised its position in shares of China Distance Education by 29.6% in the second quarter. State Street Corp now owns 38,439 shares of the technology company’s stock valued at $343,000 after purchasing an additional 8,776 shares during the period. Dalton Investments LLC bought a new stake in shares of China Distance Education in the third quarter valued at approximately $682,000. Sensato Investors LLC raised its position in shares of China Distance Education by 1.7% in the second quarter. Sensato Investors LLC now owns 362,751 shares of the technology company’s stock valued at $3,236,000 after purchasing an additional 6,100 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of China Distance Education by 22.0% in the third quarter. Wells Fargo & Company MN now owns 664,988 shares of the technology company’s stock valued at $4,462,000 after purchasing an additional 120,000 shares during the period. 19.48% of the stock is currently owned by institutional investors and hedge funds.

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About China Distance Education

China Distance Education Holdings Limited is a holding company. The Company is engaged in providing online and offline education services, and selling related products in the People’s Republic of China (PRC). The Company’s segments include online education services, business start-up training services and the sale of learning simulation software.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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