China Distance Education Holdings Ltd. (NYSE:DL) shares were up 3.6% on Thursday . The company traded as high as $11.15 and last traded at $10.91, with a volume of 66,735 shares trading hands. The stock had previously closed at $10.53.

A number of research analysts have weighed in on DL shares. TheStreet upgraded shares of China Distance Education Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, May 24th. Piper Jaffray Cos. reiterated a “buy” rating on shares of China Distance Education Holdings in a research report on Wednesday, May 25th. Zacks Investment Research upgraded shares of China Distance Education Holdings from a “sell” rating to a “hold” rating in a research report on Monday, May 23rd. Finally, Credit Suisse Group AG cut shares of China Distance Education Holdings from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $14.00 to $11.50 in a research report on Wednesday, May 25th. Two equities research 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 company currently has an average rating of “Hold” and an average price target of $13.15.

The company has a market cap of $375.91 million and a PE ratio of 15.41. The company has a 50-day moving average price of $10.22 and a 200-day moving average price of $12.52.

China Distance Education Holdings (NYSE:DL) last posted its earnings results on Tuesday, May 24th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $24.10 million for the quarter, compared to analysts’ expectations of $24.56 million. During the same quarter in the previous year, the firm earned $0.03 EPS. China Distance Education Holdings’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities analysts predict that China Distance Education Holdings Ltd. will post $0.68 EPS for the current year.

A hedge fund recently raised its stake in China Distance Education Holdings stock. Morgan Stanley raised its stake in 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 firm 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 at the end of the most recent reporting period.

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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