China Distance Education (DL) Raised to “Hold” at ValuEngine

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ValuEngine upgraded shares of China Distance Education (NYSE:DL) from a sell rating to a hold rating in a research note issued to investors on Friday.

NYSE DL traded down $0.04 during trading hours on Friday, hitting $7.93. 10,261 shares of the company’s stock were exchanged, compared to its average volume of 28,277. China Distance Education has a 1-year low of $7.04 and a 1-year high of $10.71. The stock has a market capitalization of $265.35 million, a P/E ratio of 31.88 and a beta of 1.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.63 and a quick ratio of 0.61.

China Distance Education (NYSE:DL) last released its earnings results on Wednesday, August 15th. The technology company reported $0.15 EPS for the quarter. China Distance Education had a return on equity of 12.48% and a net margin of 5.06%. The business had revenue of $47.42 million during the quarter.

An institutional investor recently bought a new position in China Distance Education stock. Dimensional Fund Advisors LP purchased a new position in China Distance Education Holdings Ltd (NYSE:DL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,239 shares of the technology company’s stock, valued at approximately $231,000. Dimensional Fund Advisors LP owned approximately 0.09% of China Distance Education as of its most recent filing with the Securities and Exchange Commission (SEC). 22.08% of the stock is owned by institutional investors.

China Distance Education Company Profile

China Distance Education Holdings Limited provides online and offline education services, and sells related products in the People's Republic of China. It operates through three segments: Online Education Services, Business Start-Up Training Services, and The Sale of Learning Simulation Software.

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

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