DHI Group (NYSE:DHX) Shares Pass Above 200-Day Moving Average – Here’s Why

DHI Group, Inc. (NYSE:DHX) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.32 and traded as high as $2.69. DHI Group shares last traded at $2.50, with a volume of 201,520 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently commented on DHX. Lake Street Capital cut shares of DHI Group from a “buy” rating to a “hold” rating and set a $3.00 target price for the company. in a research note on Thursday, August 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of DHI Group in a research note on Saturday, September 27th. Finally, Zacks Research raised shares of DHI Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, DHI Group has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

DHI Group Price Performance

The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $2.71 and its two-hundred day moving average price is $2.32. The stock has a market cap of $120.03 million, a price-to-earnings ratio of -11.90 and a beta of 1.53.

Hedge Funds Weigh In On DHI Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC grew its holdings in DHI Group by 258.8% during the first quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock worth $29,000 after acquiring an additional 15,089 shares during the period. Prudential Financial Inc. purchased a new stake in DHI Group in the 2nd quarter worth approximately $33,000. Ritholtz Wealth Management purchased a new stake in DHI Group in the 1st quarter worth approximately $37,000. Invesco Ltd. acquired a new stake in shares of DHI Group during the 2nd quarter worth approximately $45,000. Finally, NewEdge Advisors LLC increased its holdings in shares of DHI Group by 122.3% during the 1st quarter. NewEdge Advisors LLC now owns 40,716 shares of the technology company’s stock valued at $57,000 after purchasing an additional 22,399 shares in the last quarter. Institutional investors and hedge funds own 69.26% of the company’s stock.

About DHI Group

DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States. Its solutions include talent profiles; job postings; employer branding; and other services comprising virtual and live career events, sourcing services, and content and data services that provides tailored content to help professionals manage their careers and provide employers insight into recruiting strategies and trends.