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

DHI Group, Inc. (NYSE:DHX) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.97 and traded as high as $2.38. DHI Group shares last traded at $2.35, with a volume of 124,243 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DHX shares. Barrington Research reaffirmed an “outperform” rating and issued a $7.00 price target on shares of DHI Group in a research report on Friday, March 21st. Wall Street Zen downgraded shares of DHI Group from a “buy” rating to a “hold” rating in a research note on Friday, May 16th.

DHI Group Stock Up 2.2%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.47. The firm’s 50-day moving average price is $1.66 and its two-hundred day moving average price is $1.97. The firm has a market cap of $114.56 million, a PE ratio of 235.24 and a beta of 1.23.

DHI Group (NYSE:DHX) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. DHI Group had a net margin of 0.18% and a return on equity of 9.21%. The company had revenue of $32.30 million during the quarter, compared to the consensus estimate of $32.23 million. As a group, equities research analysts expect that DHI Group, Inc. will post 0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On DHI Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in shares of DHI Group in the 4th quarter valued at $25,000. Picton Mahoney Asset Management grew its position in DHI Group by 92.1% during the 4th quarter. Picton Mahoney Asset Management now owns 17,618 shares of the technology company’s stock worth $31,000 after purchasing an additional 8,449 shares during the last quarter. NewEdge Advisors LLC acquired a new position in DHI Group in the fourth quarter valued at $32,000. Cubist Systematic Strategies LLC increased its stake in DHI Group by 258.8% in the first quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock valued at $29,000 after purchasing an additional 15,089 shares during the period. Finally, Ritholtz Wealth Management purchased a new stake in shares of DHI Group in the first quarter valued at about $37,000. Hedge funds and other institutional investors own 69.26% of the company’s stock.

DHI Group Company Profile

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.