China Distance Education Holdings Ltd. (DL) Stock Price Up 2.3%
China Distance Education Holdings Ltd. (NYSE:DL) rose 2.3% during mid-day trading on Friday . The stock traded as high as $10.72 and last traded at $10.65, with a volume of 56,634 shares traded. The stock had previously closed at $10.41.
DL has been the subject of a number of research reports. Piper Jaffray Cos. reissued a “buy” rating on shares of China Distance Education Holdings in a research report on Wednesday, May 25th. 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 reduced their price target for the company 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 research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $13.15.
The firm has a market capitalization of $363.86 million and a price-to-earnings ratio of 14.92. The company’s 50 day moving average price is $10.60 and its 200 day moving average price is $12.14.
China Distance Education Holdings (NYSE:DL) last issued its quarterly earnings data on Tuesday, May 24th. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The firm earned $24.10 million during the quarter, compared to analyst estimates of $24.56 million. China Distance Education Holdings’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts anticipate that China Distance Education Holdings Ltd. will post $0.67 EPS 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.