China Distance Education (NYSE:DL) Shares Cross Above Two Hundred Day Moving Average of $5.61

China Distance Education Holdings Ltd (NYSE:DL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.61 and traded as high as $5.56. China Distance Education shares last traded at $5.56, with a volume of 200 shares trading hands.

DL has been the subject of a number of research reports. Zacks Investment Research cut China Distance Education from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. TheStreet cut China Distance Education from a “c” rating to a “d+” rating in a research note on Wednesday, June 26th.

The stock has a 50 day moving average price of $4.65 and a two-hundred day moving average price of $5.61. The firm has a market capitalization of $177.60 million, a price-to-earnings ratio of 13.31, a PEG ratio of 0.65 and a beta of 1.11.

China Distance Education (NYSE:DL) last issued 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. As a group, sell-side analysts expect that China Distance Education Holdings Ltd will post 0.55 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of DL. Wells Fargo & Company MN grew its stake 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 in the last quarter. Van Berkom & Associates Inc. grew its stake in China Distance Education by 3.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 344,670 shares of the technology company’s stock worth $1,792,000 after purchasing an additional 11,505 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in China Distance Education by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 319,500 shares of the technology company’s stock worth $1,661,000 after purchasing an additional 3,600 shares in the last quarter. 20.23% of the stock is owned by institutional investors and hedge funds.

China Distance Education Company Profile (NYSE:DL)

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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