China Distance Education Holdings Ltd. (DL) Sees Unusually-High Trading Volume
Shares of China Distance Education Holdings Ltd. (NYSE:DL) saw an uptick in trading volume on Tuesday . 69,146 shares changed hands during mid-day trading, an increase of 9% from the previous session’s volume of 63,407 shares.The stock last traded at $10.72 and had previously closed at $10.71.
Several research firms recently weighed in on DL. 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. restated a “buy” rating on shares of China Distance Education Holdings in a research report on Monday. Zacks Investment Research cut shares of China Distance Education Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, April 20th. Finally, Credit Suisse Group AG cut shares of China Distance Education Holdings from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $14.00 to $11.50 in a research report on Wednesday, May 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $13.15.
The firm has a market capitalization of $369.02 million and a P/E ratio of 15.13. The company’s 50 day moving average is $10.24 and its 200 day moving average is $12.43.
China Distance Education Holdings (NYSE:DL) last posted its quarterly earnings results on Tuesday, May 24th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The firm had revenue of $24.10 million for the quarter, compared to analyst estimates of $24.56 million. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 EPS. On average, equities analysts forecast that China Distance Education Holdings Ltd. will post $0.68 earnings per share for the current fiscal year.
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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