China Distance Education Holdings Limited (NYSE:DL)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $6.96 and last traded at $6.95, with a volume of 45,830 shares trading hands. The stock had previously closed at $7.03.

DL has been the topic of several research analyst reports. ValuEngine raised China Distance Education Holdings Limited from a “hold” rating to a “buy” rating in a research note on Saturday, May 27th. Credit Suisse Group lowered China Distance Education Holdings Limited from a “neutral” rating to an “underperform” rating in a research report on Friday, May 19th.

The company has a market cap of $230.58 million, a PE ratio of 9.096 and a beta of 1.50. The company has a 50-day moving average of $7.95 and a 200-day moving average of $9.55.

China Distance Education Holdings Limited (NYSE:DL) last announced its quarterly earnings results on Wednesday, May 17th. The technology company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.12. China Distance Education Holdings Limited had a net margin of 20.98% and a return on equity of 49.30%. The business had revenue of $21.86 million during the quarter. During the same quarter last year, the firm posted $0.09 earnings per share. On average, equities research analysts predict that China Distance Education Holdings Limited will post $0.65 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in shares of China Distance Education Holdings Limited by 29,358.8% in the second quarter. Wells Fargo & Company MN now owns 544,988 shares of the technology company’s stock valued at $4,862,000 after buying an additional 543,138 shares during the last quarter. Van Berkom & Associates Inc. boosted its position in shares of China Distance Education Holdings Limited by 46.7% in the second quarter. Van Berkom & Associates Inc. now owns 146,382 shares of the technology company’s stock valued at $1,306,000 after buying an additional 46,620 shares during the last quarter. FIL Ltd boosted its position in shares of China Distance Education Holdings Limited by 2.8% in the first quarter. FIL Ltd now owns 1,568,750 shares of the technology company’s stock valued at $16,001,000 after buying an additional 42,192 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of China Distance Education Holdings Limited by 23.1% in the first quarter. Alliancebernstein L.P. now owns 253,877 shares of the technology company’s stock valued at $2,590,000 after buying an additional 47,660 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its position in shares of China Distance Education Holdings Limited by 7.4% in the first quarter. Jupiter Asset Management Ltd. now owns 879,211 shares of the technology company’s stock valued at $8,968,000 after buying an additional 60,787 shares during the last quarter. 19.71% of the stock is currently owned by institutional investors and hedge funds.

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China Distance Education Holdings Limited Company Profile

China Distance Education Holdings Limited is a holding company. The Company is engaged in providing online and offline education services, and selling related products in the People’s Republic of China (PRC). The Company’s segments include online education services, business start-up training services and the sale of learning simulation software.

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