China Distance Education Holdings Ltd. (DL) Sees Strong Trading Volume
China Distance Education Holdings Ltd. (NYSE:DL) shares saw an uptick in trading volume on Thursday . 86,696 shares were traded 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.
A number of research firms have recently issued reports on DL. TheStreet upgraded shares of China Distance Education Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, May 24th. Piper Jaffray Cos. restated a “buy” rating on shares of China Distance Education Holdings in a research note on Monday, July 18th. Zacks Investment Research cut shares of China Distance Education Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, April 20th. Finally, Credit Suisse Group AG cut shares of China Distance Education Holdings from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $14.00 to $11.50 in a research note on Wednesday, May 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.15.
The firm has a 50 day moving average of $10.43 and a 200 day moving average of $12.23. The firm has a market capitalization of $355.59 million and a price-to-earnings ratio of 14.58.
China Distance Education Holdings (NYSE:DL) last posted its earnings results on Tuesday, May 24th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. During the same quarter in the previous year, the company earned $0.03 EPS. The firm earned $24.10 million during the quarter, compared to the consensus estimate of $24.56 million. The business’s revenue was up 8.1% compared to the same quarter last year. On average, equities analysts expect 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.