Deutsche Bank AG bought a new stake in shares of China Distance Education Holdings Ltd (NYSE:DL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,777 shares of the technology company’s stock, valued at approximately $109,000.
Separately, Wells Fargo & Company MN boosted its stake in shares of China Distance Education by 3.1% during the 4th quarter. Wells Fargo & Company MN now owns 685,298 shares of the technology company’s stock valued at $6,353,000 after buying an additional 20,310 shares during the period. Institutional investors own 22.46% of the company’s stock.
DL stock opened at $7.70 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.64 and a quick ratio of 0.75. China Distance Education Holdings Ltd has a 1 year low of $6.61 and a 1 year high of $10.71. The firm has a market capitalization of $258.44 million, a P/E ratio of 41.26 and a beta of 1.48.
China Distance Education (NYSE:DL) last released its quarterly earnings data on Wednesday, March 7th. The technology company reported $0.00 earnings per share (EPS) for the quarter. China Distance Education had a net margin of 3.94% and a return on equity of 9.25%. The business had revenue of $35.88 million during the quarter. During the same period in the previous year, the firm posted $0.07 EPS.
Separately, ValuEngine lowered shares of China Distance Education from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd.
About China Distance Education
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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