China Distance Education Holdings Limited (DL) saw a big move last session, as the company’s shares fell by about 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $15.24 to $16.44 in the past one-month time frame.
This online education provider has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
DL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Internet Content industry include Dice Holdings, Inc. (DHX), YY Inc. (YY) and Global Eagle Entertainment Inc. (ENT). While Dice Holdings and YY hold a Zacks Rank #1 (Strong Buy), Global Eagle Entertainment holds a Zacks Rank#2 (Buy).
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