Several other equities analysts have also recently issued reports on DL. Zacks Investment Research raised shares of China Distance Education from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Monday, November 25th. TheStreet raised shares of China Distance Education from a “d+” rating to a “c-” rating in a research note on Friday, October 11th.
China Distance Education stock opened at $8.10 on Wednesday. The stock has a market cap of $268.23 million, a price-to-earnings ratio of 12.39, a PEG ratio of 0.61 and a beta of 1.15. The company’s 50-day moving average price is $7.25 and its two-hundred day moving average price is $5.70. China Distance Education has a 52 week low of $3.89 and a 52 week high of $8.18.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC grew 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 purchasing an additional 3,600 shares during the last quarter. Van Berkom & Associates Inc. grew 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 purchasing an additional 11,505 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of China Distance Education by 12.4% in 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. 18.83% of the stock is currently owned by institutional investors.
About China Distance Education
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.
Further Reading: Trading Options- What is a Strangle?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for China Distance Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Distance Education and related companies with MarketBeat.com's FREE daily email newsletter.