China Distance Education (DL) Upgraded at ValuEngine

China Distance Education (NYSE:DL) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

NYSE DL traded down $0.04 on Friday, reaching $7.93. 10,200 shares of the company’s stock traded hands, compared to its average volume of 35,260. China Distance Education has a 12 month low of $7.04 and a 12 month high of $10.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.63 and a quick ratio of 0.61. The stock has a market capitalization of $259.69 million, a P/E ratio of 31.20 and a beta of 1.53.

China Distance Education (NYSE:DL) last issued its quarterly earnings results on Wednesday, August 15th. The technology company reported $0.15 EPS for the quarter. China Distance Education had a net margin of 5.06% and a return on equity of 12.48%. The business had revenue of $47.42 million for the quarter.

An institutional investor recently raised its position in China Distance Education stock. Dimensional Fund Advisors LP raised its holdings in shares of China Distance Education Holdings Ltd (NYSE:DL) by 69.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,710 shares of the technology company’s stock after acquiring an additional 19,471 shares during the period. Dimensional Fund Advisors LP owned about 0.14% of China Distance Education worth $352,000 at the end of the most recent reporting period. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

China Distance Education Company Profile

China Distance Education Holdings Limited provides online and offline education services, and sells related products in the People's Republic of China. It operates through three segments: Online Education Services, Business Start-Up Training Services, and The Sale of Learning Simulation Software.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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