China Distance Education Holdings Ltd. (NYSE:DL) shares saw strong trading volume on Monday . 61,095 shares were traded during 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 brokerages have recently issued reports on DL. TheStreet upgraded China Distance Education Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, May 24th. Piper Jaffray Cos. reiterated a “buy” rating on shares of China Distance Education Holdings in a report on Monday, July 18th. Zacks Investment Research lowered China Distance Education Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, April 20th. Finally, Credit Suisse Group AG lowered 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 report on Wednesday, May 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. China Distance Education Holdings presently has a consensus rating of “Hold” and a consensus target price of $13.15.

The company has a market cap of $360.07 million and a price-to-earnings ratio of 14.7600. The firm’s 50-day moving average price is $10.54 and its 200 day moving average price is $12.18.

China Distance Education Holdings (NYSE:DL) last released its quarterly earnings data on Tuesday, May 24th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The company earned $24.10 million during the quarter, compared to the consensus estimate of $24.56 million. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 EPS. On average, analysts predict 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.