DHI Group (NYSE:DHX) Share Price Breaks Above 200-Day Moving Average – Here’s What Happened

Shares of DHI Group, Inc. (NYSE:DHX) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $3.90 and traded as high as $4.87. DHI Group shares last traded at $4.75, with a volume of 201,144 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Zacks Research downgraded DHI Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of DHI Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Lake Street Capital upgraded shares of DHI Group from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Thursday, August 6th. Finally, B. Riley Financial lifted their price objective on DHI Group from $4.50 to $5.25 and gave the company a “buy” rating in a report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, DHI Group has a consensus rating of “Moderate Buy” and an average target price of $6.75.

DHI Group Stock Up 0.3%

The firm has a 50 day moving average of $4.58 and a two-hundred day moving average of $3.91. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $213.06 million, a PE ratio of 163.62 and a beta of 1.24.

DHI Group (NYSE:DHX) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. DHI Group had a return on equity of 13.01% and a net margin of 0.97%. The business had revenue of $31.34 million during the quarter, compared to analysts’ expectations of $30.88 million. Equities research analysts anticipate that DHI Group, Inc. will post 0.27 earnings per share for the current year.

Institutional Trading of DHI Group

Several large investors have recently modified their holdings of the business. NewEdge Advisors LLC acquired a new stake in DHI Group during the 2nd quarter valued at $588,000. Nantahala Capital Management LLC purchased a new position in DHI Group during the second quarter worth $8,807,640. Empowered Funds LLC acquired a new position in shares of DHI Group in the second quarter worth $299,000. Bank of America Corp DE acquired a new position in shares of DHI Group in the second quarter worth $189,000. Finally, AWM Investment Company Inc. purchased a new stake in shares of DHI Group in the second quarter valued at $1,846,000. 69.26% of the stock is currently owned by institutional investors and hedge funds.

DHI Group Company Profile

DHI Group, Inc is a specialized career marketplace and recruiting-services company that connects employers with professionals in technology and national security. Its platforms support job advertising, candidate search, employer branding, recruitment marketing, and related hiring activities.

The company’s principal brands include Dice, which focuses on technology professionals and technology-related employment opportunities, and ClearanceJobs, which serves professionals who hold or seek U.S.