China Distance Education (NYSE:DL) Share Price Crosses Above 200-Day Moving Average of $5.50

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China Distance Education Holdings Ltd (NYSE:DL)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.50 and traded as high as $7.33. China Distance Education shares last traded at $7.27, with a volume of 728 shares trading hands.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded China Distance Education from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. ValuEngine cut China Distance Education from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, TheStreet upgraded China Distance Education from a “d+” rating to a “c-” rating in a research report on Friday, October 11th.

The business has a 50-day simple moving average of $6.31 and a two-hundred day simple moving average of $5.50. The stock has a market capitalization of $233.24 million, a P/E ratio of 17.19, a PEG ratio of 0.74 and a beta of 1.15.

Several hedge funds have recently made changes to their positions in DL. Wells Fargo & Company MN lifted its stake in shares of China Distance Education by 12.4% during the second quarter. Wells Fargo & Company MN now owns 1,879,104 shares of the technology company’s stock valued at $9,771,000 after acquiring an additional 207,180 shares during the period. Van Berkom & Associates Inc. lifted its stake in shares of China Distance Education by 3.5% during the second quarter. Van Berkom & Associates Inc. now owns 344,670 shares of the technology company’s stock valued at $1,792,000 after acquiring an additional 11,505 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of China Distance Education by 1.1% during the second quarter. Renaissance Technologies LLC now owns 319,500 shares of the technology company’s stock valued at $1,661,000 after acquiring an additional 3,600 shares during the period. Institutional investors own 21.52% of the company’s stock.

About China Distance Education (NYSE:DL)

China Distance Education Holdings Ltd. engages in the provision of online education in China, which focuses on professional education. The company offers online courses through its websites, which are designed to help course participants obtain and maintain the skills, licenses and certifications necessary to pursue careers and professions in China.

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