China Distance Education (NYSE:DL) posted its earnings results on Wednesday. The technology company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.06, Morningstar.com reports. The company had revenue of $38.76 million during the quarter. China Distance Education had a return on equity of 17.03% and a net margin of 7.75%.
Shares of NYSE DL traded down $0.17 during trading on Thursday, reaching $6.05. The stock had a trading volume of 100 shares, compared to its average volume of 12,908. China Distance Education has a fifty-two week low of $6.06 and a fifty-two week high of $9.79. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $202.76 million, a PE ratio of 12.96 and a beta of 1.24.
Several hedge funds and other institutional investors have recently modified their holdings of DL. Dimensional Fund Advisors LP grew its stake in shares of China Distance Education by 35.0% in the third quarter. Dimensional Fund Advisors LP now owns 64,396 shares of the technology company’s stock valued at $533,000 after buying an additional 16,686 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in shares of China Distance Education by 4.2% in the first quarter. Van Berkom & Associates Inc. now owns 333,165 shares of the technology company’s stock valued at $2,256,000 after buying an additional 13,390 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of China Distance Education by 3.7% in the third quarter. Renaissance Technologies LLC now owns 303,595 shares of the technology company’s stock valued at $2,514,000 after buying an additional 10,795 shares in the last quarter. Finally, Citigroup Inc. acquired a new stake in shares of China Distance Education in the first quarter valued at $49,000. 20.95% of the stock is owned by institutional investors and hedge funds.
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China Distance Education Company Profile
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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