DHI Group (NYSE:DHX) to Buyback $5.00 million in Stock

DHI Group (NYSE:DHX) declared that its Board of Directors has initiated a share repurchase program on Thursday, November 6th, RTT News reports. The company plans to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

DHI Group Stock Down 3.5%

Shares of NYSE:DHX opened at $1.82 on Friday. DHI Group has a 1 year low of $1.21 and a 1 year high of $3.34. The company has a market capitalization of $87.14 million, a PE ratio of -8.64 and a beta of 1.44. The business has a fifty day moving average price of $2.49 and a two-hundred day moving average price of $2.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.42 and a quick ratio of 0.42.

Analyst Ratings Changes

A number of analysts have commented on DHX shares. Zacks Research lowered shares of DHI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Lake Street Capital cut shares of DHI Group from a “buy” rating to a “hold” rating and set a $3.00 price objective for the company. in a report on Thursday, August 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of DHI Group in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.50.

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.