China Distance Education Holdings Ltd. (NYSE:DL) shares saw unusually-high trading volume on Wednesday . Approximately 63,716 shares traded hands during mid-day trading, a decline of 2% from the previous session’s volume of 64,719 shares.The stock last traded at $10.70 and had previously closed at $11.00.

DL has been the subject of a number of recent research reports. Credit Suisse Group AG cut China Distance Education Holdings from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $14.00 to $11.50 in a report on Wednesday, May 25th. Zacks Investment Research raised China Distance Education Holdings from a “sell” rating to a “hold” rating in a report on Monday, May 23rd. Piper Jaffray Cos. reissued a “buy” rating on shares of China Distance Education Holdings in a report on Wednesday, May 25th. Finally, TheStreet raised China Distance Education Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, May 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.15.

The company’s 50-day moving average price is $10.24 and its 200 day moving average price is $12.54. The stock has a market cap of $362.82 million and a PE ratio of 14.87.

China Distance Education Holdings (NYSE:DL) last issued its quarterly earnings results on Tuesday, May 24th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The company earned $24.10 million during the quarter, compared to the consensus estimate of $24.56 million. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 earnings per share. Equities research analysts predict that China Distance Education Holdings Ltd. will post $0.68 earnings per share for the current fiscal year.

An institutional investor recently raised its position in China Distance Education Holdings stock. Morgan Stanley increased its stake in shares of China Distance Education Holdings Ltd. (NYSE:DL) by 1,925.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 193,361 shares of the company’s stock after buying an additional 183,815 shares during the period. Morgan Stanley owned about 0.55% of China Distance Education Holdings worth $2,840,000 as of its most recent SEC filing.

China Distance Education Holdings Limited (CDEL) is a provider of online education focusing on professional education, helping professionals who aim to obtain professional licenses, satisfy continuing education requirements to maintain their licenses and improve their practical job skills through its professional development courses.

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