China Distance Education Holdings Ltd. (NYSE:DL) saw strong trading volume on Thursday . 86,696 shares traded hands during trading, an increase of 56% from the previous session’s volume of 55,659 shares.The stock last traded at $10.37 and had previously closed at $10.32.

Several analysts have recently issued reports on the stock. Piper Jaffray Cos. reissued a “buy” rating on shares of China Distance Education Holdings in a research note on Monday, July 18th. TheStreet raised shares of China Distance Education Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, May 24th. Credit Suisse Group AG cut shares of China Distance Education Holdings from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $14.00 to $11.50 in a research report on Wednesday, May 25th. Finally, Zacks Investment Research raised shares of China Distance Education Holdings from a “sell” rating to a “hold” rating in a research report on Monday, May 23rd. 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. China Distance Education Holdings presently has a consensus rating of “Hold” and a consensus target price of $13.15.

The stock has a market capitalization of $360.75 million and a P/E ratio of 14.79. The firm’s 50-day moving average price is $10.46 and its 200-day moving average price is $12.22.

China Distance Education Holdings (NYSE:DL) last released 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 had revenue of $24.10 million for the quarter, compared to the consensus estimate of $24.56 million. During the same period in the previous year, the business posted $0.03 earnings per share. China Distance Education Holdings’s revenue was up 8.1% on a year-over-year basis. Equities analysts predict that China Distance Education Holdings Ltd. will post $0.67 earnings per share for the current 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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