DLH (NASDAQ:DLHC) Shares Cross Below 200 Day Moving Average – Here’s What Happened

DLH Holdings Corp. (NASDAQ:DLHC)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.96 and traded as low as $2.74. DLH shares last traded at $2.74, with a volume of 64,912 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of DLH from a “buy” rating to a “hold” rating in a report on Friday, February 7th.

DLH Stock Down 7.7 %

The company has a debt-to-equity ratio of 1.21, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $39.42 million, a P/E ratio of 6.23 and a beta of 1.46. The stock’s fifty day moving average is $4.65 and its two-hundred day moving average is $6.96.

DLH (NASDAQ:DLHC) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. DLH had a return on equity of 5.82% and a net margin of 1.64%. As a group, research analysts predict that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of DLH

Several institutional investors and hedge funds have recently bought and sold shares of DLHC. Mink Brook Asset Management LLC purchased a new position in shares of DLH in the fourth quarter worth approximately $10,991,000. Minerva Advisors LLC grew its position in DLH by 33.2% during the 4th quarter. Minerva Advisors LLC now owns 847,592 shares of the business services provider’s stock worth $6,806,000 after purchasing an additional 211,215 shares in the last quarter. Renaissance Technologies LLC raised its stake in DLH by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider’s stock valued at $2,169,000 after purchasing an additional 7,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of DLH by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider’s stock valued at $2,159,000 after purchasing an additional 10,921 shares in the last quarter. Finally, State Street Corp boosted its position in shares of DLH by 3.9% in the third quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock worth $1,043,000 after buying an additional 4,165 shares during the period. Institutional investors and hedge funds own 67.25% of the company’s stock.

About DLH

DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).