China Distance Education Holdings Ltd. (NYSE:DL)’s share price was up 3.6% during trading on Thursday . The stock 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.

Several equities analysts have recently commented on DL shares. Zacks Investment Research downgraded shares of China Distance Education Holdings from a “buy” rating to a “sell” rating in a research note on Thursday, April 14th. Piper Jaffray Cos. reaffirmed a “buy” rating on shares of China Distance Education Holdings in a research note on Wednesday, May 25th. Credit Suisse Group AG cut shares of China Distance Education Holdings from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $14.00 to $11.50 in a research report on Wednesday, May 25th. Finally, TheStreet upgraded shares of China Distance Education Holdings from a “hold” rating to a “buy” rating in a research 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. China Distance Education Holdings currently has an average rating of “Hold” and an average price target of $13.15.

The firm has a 50 day moving average price of $10.23 and a 200 day moving average price of $12.49. The firm has a market cap of $375.23 million and a price-to-earnings ratio of 15.38.

China Distance Education Holdings (NYSE:DL) last issued its quarterly earnings data on Tuesday, May 24th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business earned $24.10 million during the quarter, compared to analysts’ expectations of $24.56 million. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share. On average, equities analysts expect 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 position 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 institutional investor owned 193,361 shares of the company’s stock after buying an additional 183,815 shares during the period. Morgan Stanley owned 0.55% of China Distance Education Holdings worth $2,840,000 at the end of the most recent quarter.

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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