Shares of China Distance Education Holdings Ltd. (NYSE:DL) were down 1.7% during mid-day trading on Monday . The stock traded as low as $10.65 and last traded at $10.71, with a volume of 54,000 shares changing hands. The stock had previously closed at $10.89.

Several analysts have recently commented on DL shares. Piper Jaffray Cos. reiterated a “buy” rating on shares of China Distance Education Holdings in a report on Wednesday, May 25th. Credit Suisse Group AG lowered China Distance Education Holdings from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $14.00 to $11.50 in a report on Wednesday, May 25th. TheStreet upgraded China Distance Education Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, May 24th. Finally, Zacks Investment Research lowered China Distance Education Holdings from a “buy” rating to a “sell” rating in a report on Thursday, April 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. China Distance Education Holdings has an average rating of “Hold” and an average target price of $13.15.

The stock has a 50-day moving average price of $10.24 and a 200 day moving average price of $12.43. The stock has a market capitalization of $369.02 million and a P/E ratio of 15.13.

China Distance Education Holdings (NYSE:DL) last announced its earnings results on Tuesday, May 24th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The firm earned $24.10 million during the quarter, compared to analysts’ expectations of $24.56 million. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 EPS. Equities research 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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