China Distance Education Holdings Ltd. (NYSE:DL)’s share price was down 4.9% during mid-day trading on Friday . The stock traded as low as $10.78 and last traded at $10.78, with a volume of 69,933 shares trading hands. The stock had previously closed at $11.33.

Several equities analysts have recently issued reports on DL shares. Zacks Investment Research raised shares of China Distance Education Holdings from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. Piper Jaffray Cos. reaffirmed a “buy” rating on shares of China Distance Education Holdings in a research note on Wednesday, May 25th. Credit Suisse Group AG downgraded shares of China Distance Education Holdings from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $14.00 to $11.50 in a research note on Wednesday, May 25th. Finally, TheStreet raised shares of China Distance Education Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, May 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $12.65.

The firm has a 50 day moving average of $10.62 and a 200-day moving average of $12.12. The stock has a market capitalization of $357.88 million and a P/E ratio of 13.65.

China Distance Education Holdings (NYSE:DL) last issued its quarterly earnings data on Tuesday, August 23rd. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.11 by $0.12. The firm had revenue of $30.80 million for the quarter, compared to analysts’ expectations of $28.10 million. During the same period in the prior year, the firm posted $0.16 EPS. On average, equities analysts anticipate that China Distance Education Holdings Ltd. will post $0.67 EPS 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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