ValuEngine upgraded shares of China Distance Education (NYSE:DL) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

China Distance Education (NYSE DL) opened at $8.84 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $291.07, a P/E ratio of 18.40 and a beta of 1.63. China Distance Education has a 52-week low of $6.61 and a 52-week high of $12.48.

The company also recently announced a special dividend, which will be paid on Thursday, January 18th. Stockholders of record on Friday, January 12th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, January 11th. China Distance Education’s dividend payout ratio is currently 97.83%.

A number of large investors have recently added to or reduced their stakes in DL. State Street Corp raised its holdings in China Distance Education by 29.6% during the 2nd quarter. State Street Corp now owns 38,439 shares of the technology company’s stock valued at $343,000 after buying an additional 8,776 shares during the period. Dalton Investments LLC purchased a new stake in China Distance Education during the 3rd quarter valued at $682,000. Sensato Investors LLC raised its holdings in China Distance Education by 1.7% during the 2nd quarter. Sensato Investors LLC now owns 362,751 shares of the technology company’s stock valued at $3,236,000 after buying an additional 6,100 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in China Distance Education by 22.0% during the 3rd quarter. Wells Fargo & Company MN now owns 664,988 shares of the technology company’s stock valued at $4,462,000 after buying an additional 120,000 shares during the period. Institutional investors own 19.48% of the company’s stock.

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China Distance Education 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.

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

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