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

Several research firms recently commented on DL. ValuEngine raised China Distance Education Holdings Limited from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. Credit Suisse Group lowered China Distance Education Holdings Limited from a “neutral” rating to an “underperform” rating in a report on Friday, May 19th.

The company has a market cap of $241.95 million, a PE ratio of 9.54 and a beta of 1.50. The company has a 50 day moving average of $7.59 and a 200-day moving average of $9.41.

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

Several large investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new stake in China Distance Education Holdings Limited during the first quarter worth $103,000. Advisors Preferred LLC purchased a new stake in China Distance Education Holdings Limited during the first quarter worth $140,000. State Street Corp boosted its stake in China Distance Education Holdings Limited by 29.6% in the second quarter. State Street Corp now owns 38,439 shares of the technology company’s stock worth $343,000 after buying an additional 8,776 shares in the last quarter. Acadian Asset Management LLC boosted its stake in China Distance Education Holdings Limited by 4.6% in the first quarter. Acadian Asset Management LLC now owns 45,639 shares of the technology company’s stock worth $465,000 after buying an additional 1,997 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its stake in China Distance Education Holdings Limited by 27.2% in the first quarter. Van Berkom & Associates Inc. now owns 99,762 shares of the technology company’s stock worth $1,018,000 after buying an additional 21,346 shares in the last quarter. Institutional investors and hedge funds own 19.57% of the company’s stock.

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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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