China Distance Education (NYSE:DL) announced its earnings results on Wednesday. The technology company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.06, Morningstar.com reports. The business had revenue of $38.76 million for the quarter. China Distance Education had a return on equity of 17.03% and a net margin of 7.75%.
NYSE:DL traded down $0.04 on Thursday, hitting $6.09. The stock had a trading volume of 20,369 shares, compared to its average volume of 12,908. The stock has a market capitalization of $202.76 million, a price-to-earnings ratio of 12.96 and a beta of 1.24. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.78 and a current ratio of 0.80. China Distance Education has a 52-week low of $6.06 and a 52-week high of $9.79.
Large investors have recently made changes to their positions in the business. Citigroup Inc. purchased a new position in China Distance Education in the first quarter worth about $49,000. Dimensional Fund Advisors LP boosted its position in China Distance Education by 35.0% in the third quarter. Dimensional Fund Advisors LP now owns 64,396 shares of the technology company’s stock worth $533,000 after purchasing an additional 16,686 shares during the last quarter. Renaissance Technologies LLC boosted its position in China Distance Education by 3.7% in the third quarter. Renaissance Technologies LLC now owns 303,595 shares of the technology company’s stock worth $2,514,000 after purchasing an additional 10,795 shares during the last quarter. Finally, Van Berkom & Associates Inc. boosted its position in China Distance Education by 4.2% in the first quarter. Van Berkom & Associates Inc. now owns 333,165 shares of the technology company’s stock worth $2,256,000 after purchasing an additional 13,390 shares during the last quarter. 20.95% of the stock is currently owned by institutional investors and hedge funds.
About China Distance Education
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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