China Distance Education (DL) Downgraded by ValuEngine

ValuEngine cut shares of China Distance Education (NYSE:DL) from a buy rating to a hold rating in a research note issued to investors on Monday.

China Distance Education stock opened at $8.29 on Monday. The company has a market cap of $269.98, a price-to-earnings ratio of 37.23 and a beta of 1.47. China Distance Education has a 52-week low of $6.61 and a 52-week high of $11.40. The company has a current ratio of 0.77, a quick ratio of 0.75 and a debt-to-equity ratio of 0.30.

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China Distance Education (NYSE:DL) last released its earnings results on Wednesday, March 7th. The technology company reported $0.00 earnings per share (EPS) for the quarter. The company had revenue of $35.88 million for the quarter. China Distance Education had a net margin of 4.80% and a return on equity of 10.95%. During the same quarter last year, the company earned $0.07 earnings per share.

Several institutional investors and hedge funds have recently made changes to their positions in DL. State Street Corp raised its holdings in shares of China Distance Education by 29.6% in the 2nd quarter. State Street Corp now owns 38,439 shares of the technology company’s stock valued at $343,000 after purchasing an additional 8,776 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of China Distance Education by 22.0% in the 3rd quarter. Wells Fargo & Company MN now owns 664,988 shares of the technology company’s stock valued at $4,462,000 after purchasing an additional 120,000 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of China Distance Education in the 4th quarter valued at $109,000. Institutional investors and hedge funds own 18.51% of the company’s stock.

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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.

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

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