DHI Group (NYSE:DHX) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of DHI Group, Inc. (NYSE:DHX) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.50 and traded as high as $4.91. DHI Group shares last traded at $4.8070, with a volume of 398,275 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DHX. B. Riley Financial raised their price target on DHI Group from $4.50 to $5.25 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research lowered DHI Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Lake Street Capital raised DHI Group from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of DHI Group from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, DHI Group presently has a consensus rating of “Moderate Buy” and an average price target of $6.75.

DHI Group Stock Performance

The stock’s 50 day moving average is $4.17 and its two-hundred day moving average is $3.52. The stock has a market capitalization of $217.10 million, a price-to-earnings ratio of 166.72 and a beta of 1.19. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.34.

DHI Group (NYSE:DHX) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05. The firm had revenue of $31.34 million for the quarter, compared to the consensus estimate of $30.88 million. DHI Group had a return on equity of 13.01% and a net margin of 0.97%. Analysts expect that DHI Group, Inc. will post 0.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DHI Group

Institutional investors have recently bought and sold shares of the company. Tieton Capital Management LLC bought a new position in shares of DHI Group during the 2nd quarter worth approximately $11,744,000. Nantahala Capital Management LLC bought a new stake in shares of DHI Group in the second quarter worth $8,807,640. Sei Investments Co. boosted its holdings in DHI Group by 108.9% during the first quarter. Sei Investments Co. now owns 1,804,281 shares of the technology company’s stock worth $5,070,000 after purchasing an additional 940,667 shares during the last quarter. BlackRock Inc. acquired a new position in DHI Group during the second quarter worth $3,033,000. Finally, AWM Investment Company Inc. bought a new position in DHI Group in the second quarter valued at $1,846,000. Institutional investors own 69.26% of the company’s stock.

About DHI Group

DHI Group, Inc is a technology-focused career marketplace and data services company. Through its digital platforms, the company connects employers with specialized professionals and helps job seekers find opportunities in technology, engineering, cybersecurity, and other highly skilled fields.

The company’s principal brands include Dice, a career platform serving the technology industry, and ClearanceJobs, which focuses on professionals who hold or are eligible for U.S. security clearances.