China Distance Education Holdings Ltd. (DL) Shares Down 4.9%
Shares of China Distance Education Holdings Ltd. (NYSE:DL) fell 4.9% during mid-day trading on Friday . The company traded as low as $10.78 and last traded at $10.78, with a volume of 69,933 shares traded. The stock had previously closed at $11.33.
A number of research firms have recently issued reports on DL. Zacks Investment Research raised shares of China Distance Education Holdings from a “sell” rating to a “hold” rating in a report on Monday, May 23rd. Credit Suisse Group AG downgraded 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 report on Wednesday, May 25th. TheStreet raised shares of China Distance Education Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, May 24th. Finally, Piper Jaffray Cos. reaffirmed a “buy” rating and set a $14.00 price objective on shares of China Distance Education Holdings in a report on Wednesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. China Distance Education Holdings currently has a consensus rating of “Hold” and a consensus target price of $12.65.
The company has a 50-day moving average price of $10.62 and a 200 day moving average price of $12.12. The firm has a market cap of $357.88 million and a P/E ratio of 13.65.
China Distance Education Holdings (NYSE:DL) last announced its quarterly earnings data on Tuesday, August 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.12. The firm earned $30.80 million during the quarter, compared to analysts’ expectations of $28.10 million. During the same period last year, the company earned $0.16 earnings per share. On average, equities analysts forecast 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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