China Distance Education Holdings Ltd. (NYSE:DL) saw strong trading volume on Monday . 61,095 shares traded hands during mid-day trading, an increase of 6% from the previous session’s volume of 57,420 shares.The stock last traded at $10.48 and had previously closed at $10.43.

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

The firm has a market cap of $361.79 million and a P/E ratio of 14.83. The stock’s 50 day moving average is $10.56 and its 200 day moving average is $12.17.

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 the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The business had revenue of $24.10 million for the quarter, compared to analyst estimates of $24.56 million. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.03 earnings per share. On average, analysts forecast that China Distance Education Holdings Ltd. will post $0.67 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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