China Distance Education (NYSE:DL) Upgraded to Hold by Zacks Investment Research

China Distance Education (NYSE:DL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday, Zacks.com reports.

According to Zacks, “CHINA DISTANCE EDUCATION HOLDINGS LIMITED is a leading provider of online education in China focusing on professional education. The courses offered by the Company through its websites are designed to help professionals and other course participants obtain and maintain the skills, licenses and certifications necessary to pursue careers in China in the areas of accounting, law, healthcare, construction engineering, information technology and other industries. “

A number of other brokerages have also weighed in on DL. ValuEngine upgraded shares of China Distance Education from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. TheStreet raised shares of China Distance Education from a “d+” rating to a “c-” rating in a research report on Friday, October 11th.

China Distance Education stock traded up $0.09 during mid-day trading on Monday, reaching $6.14. 42,500 shares of the company’s stock were exchanged, compared to its average volume of 20,506. The company has a market cap of $199.25 million, a P/E ratio of 14.62, a P/E/G ratio of 0.63 and a beta of 1.11. China Distance Education has a twelve month low of $3.89 and a twelve month high of $8.06. The company has a fifty day moving average of $5.33 and a 200-day moving average of $5.48.

China Distance Education (NYSE:DL) last announced its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.05). China Distance Education had a net margin of 8.72% and a return on equity of 15.80%. The firm had revenue of $61.75 million during the quarter, compared to analyst estimates of $63.74 million. Equities research analysts forecast that China Distance Education will post 0.55 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its position in China Distance Education by 12.4% during the 2nd quarter. Wells Fargo & Company MN now owns 1,879,104 shares of the technology company’s stock worth $9,771,000 after purchasing an additional 207,180 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in shares of China Distance Education by 3.5% in the 2nd quarter. Van Berkom & Associates Inc. now owns 344,670 shares of the technology company’s stock worth $1,792,000 after acquiring an additional 11,505 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of China Distance Education by 1.1% in the 2nd quarter. Renaissance Technologies LLC now owns 319,500 shares of the technology company’s stock worth $1,661,000 after acquiring an additional 3,600 shares during the period. 20.23% of the stock is currently owned by institutional investors.

China Distance Education Company Profile

China Distance Education Holdings Ltd. engages in the provision of online education in China, which focuses on professional education. The company offers online courses through its websites, which are designed to help course participants obtain and maintain the skills, licenses and certifications necessary to pursue careers and professions in China.

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