Will Today’s BidaskScore Downgrade Harm China Distance Education Holdings (NYSE:DL) Stock?

Image result for Will Today’s BidaskScore Downgrade Harm China Distance Education Holdings (NYSE:DL) Stock?Investors sentiment decreased to 0.45 in Q3 2018. Its down 0.68, from 1.13 in 2018Q2. It worsened, as 3 investors sold China Distance Education Holdings Limited shares while 8 reduced holdings. 2 funds opened positions while 3 raised stakes. 7.24 million shares or 1.44% less from 7.35 million shares in 2018Q2 were reported.

1.70 million are owned by Wellington Mngmt Grp Incorporated Llp. Tower Limited Liability Company (Trc) invested in 0% or 100 shares. Wells Fargo And Mn has invested 0% in China Distance Education Holdings Limited (NYSE:DL). Morgan Stanley holds 0% or 4,073 shares in its portfolio. Fil, a Bermuda-based fund reported 2.34M shares. 206,473 were reported by Herald Investment Limited. Jpmorgan Chase And owns 384 shares. State Street Corp has invested 0% in China Distance Education Holdings Limited (NYSE:DL). Van Berkom Associate Incorporated holds 0.08% or 319,775 shares in its portfolio. Wealthtrust has 0% invested in China Distance Education Holdings Limited (NYSE:DL). Deutsche Retail Bank Ag has invested 0% in China Distance Education Holdings Limited (NYSE:DL). Renaissance Techs Limited Liability Company reported 303,595 shares stake. Barclays Public Limited Co holds 0% or 787 shares in its portfolio. Jupiter Asset Limited invested in 200,180 shares. Rathbone Brothers Public Ltd Limited Liability Company holds 15,000 shares or 0% of its portfolio.

China Distance Education Holdings (NYSE:DL) Receives a Downgrade

In a note revealed on Sunday, 24 February, BidaskScore revealed that they have decided to downgrade shares of China Distance Education Holdings (NYSE:DL) to a “Sell”.

The stock increased 0.83% or $0.06 during the last trading session, reaching $7.27. About 14,023 shares traded. China Distance Education Holdings Limited (NYSE:DL) has declined 15.13% since February 25, 2018 and is downtrending. It has underperformed by 15.13% the S&P500.

China Distance Education Holdings Limited provides online and offline education services, and sells related products in the People’s Republic of China. The company has market cap of $243.96 million. It operates in three divisions: Professional Education Services, Business Start-Up Training Services, and The Sale of Learning Simulation Software. It has a 20.77 P/E ratio. The firm offers online professional education services in accounting, healthcare, and engineering and construction industries; and other professional education courses, such as online test-preparation courses for the legal professional qualification examination and self-taught learners pursuing higher education diplomas or degrees, test preparation courses for university students, accounting practical skills training courses, and online language courses.

Another recent and important China Distance Education Holdings Limited (NYSE:DL) news was published by Seekingalpha.com which published an article titled: “China Distance Education Holdings Limited 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” on November 21, 2018.

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