Services Sector Weeks 20% Losers: China Distance Education (NYSE:DL), CHC (NYSE:HELI), Bridgepoint Education (NYSE:BPI), China Lodging Group (NASDAQ:HTHT)

Technology Stocks News 10

China Distance Education Holdings Limited (NYSE:DL) (“CDEL”, or the “Company”), a leading provider of online education in China focusing on professional education, today announced that the follow-on public offering of an aggregate of 4,000,000 American Depositary Shares (“ADSs”) by the Company and several selling shareholders was priced at US$21.00 per ADS. China Distance Education Hldgs Ltd (ADR) (NYSE:DL) stock performance was -1.84% in last session and finished the day at $19.73. Traded volume was 1.19 million shares in the last session and the average volume of the stock remained 345,025.00 shares. The beta of the stock remained 1.65. China Distance Education Hldgs Ltd (ADR) (NYSE:DL) insider ownership is 5.52%.

CHC Group Ltd. (NYSE:HELI), the parent company of CHC Helicopter, reported its financial performance for the fiscal-2014 third quarter, which ended Jan. 31. CHC Group Ltd (NYSE:HELI) dropped -5.84% to $7.26 yesterday on volume of 1.19 million shares. The intra-day range of the stock was $6.91 – $7.91. CHC Group Ltd (NYSE:HELI) has a market capitalization of 337.74 million.

Stock analysts at BMO Capital Markets increased their price target on shares of Bridge point Education (NYSE:BPI) from $17.00 to $19.00 in a report issued on Wednesday, American Banking & Market News reports. BMO Capital Markets’ price target would suggest a potential upside of 26.75% from the company’s current price. Bridgepoint Education Inc. (NYSE:BPI)’s stock on March 14, 2014 reported a lower of -2.94% to the closing price of $14.55. Its fifty two weeks range is $9.62 – $20.33. The total market capitalization recorded 790.59 million. The overall volume in the last trading session was 539,267.00 shares. In its share capital, Bridgepoint Education Inc. (NYSE:BPI) has 54.34 million outstanding shares.

China Lodging Group (NASDAQ:HTHT) was downgraded by equities research analysts at Goldman Sachs to an “overweight” rating in a research note issued to investors on Wednesday, Stock Ratings News reports. They currently have a $26.20 price objective on the stock. Goldman Sachs’ target price suggests a potential upside of 4.09% from the company’s current price. On Friday, shares of China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) dropped -6.87% to close the day at $23.44. Company return on investment (ROI) is 6.70% and its monthly performance is recorded as -13.15%. China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) quarterly revenue growth is -3.50%.

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