DHI Group (NYSE:DHX) Shares Pass Above 200 Day Moving Average – Should You Sell?

DHI Group, Inc. (NYSE:DHX) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.13 and traded as high as $2.77. DHI Group shares last traded at $2.5890, with a volume of 153,429 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Zacks Research upgraded shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Barrington Research reiterated an “outperform” rating and set a $10.00 target price on shares of DHI Group in a research report on Friday, March 20th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of DHI Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $6.25.

DHI Group Stock Down 4.1%

The firm has a 50 day moving average price of $2.31 and a 200-day moving average price of $2.13. The firm has a market cap of $116.43 million, a price-to-earnings ratio of -8.63 and a beta of 1.37. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.44 and a quick ratio of 0.44.

DHI Group declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 4th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 12.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On DHI Group

A number of institutional investors and hedge funds have recently modified their holdings of DHX. Geode Capital Management LLC lifted its holdings in DHI Group by 1.2% in the second quarter. Geode Capital Management LLC now owns 361,314 shares of the technology company’s stock valued at $1,073,000 after buying an additional 4,188 shares during the period. Empowered Funds LLC grew its holdings in DHI Group by 17.2% during the 4th quarter. Empowered Funds LLC now owns 66,103 shares of the technology company’s stock worth $102,000 after acquiring an additional 9,703 shares during the period. Sei Investments Co. raised its position in shares of DHI Group by 22.3% during the 2nd quarter. Sei Investments Co. now owns 57,089 shares of the technology company’s stock valued at $170,000 after acquiring an additional 10,426 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of DHI Group during the 2nd quarter valued at $33,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of DHI Group by 36.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 45,364 shares of the technology company’s stock valued at $70,000 after purchasing an additional 12,110 shares during the period. 69.26% of the stock is owned by institutional investors.

About DHI Group

DHI Group, Inc (NYSE: DHX) is a specialized professional recruitment and career development company that operates digital platforms connecting technology and security-cleared professionals with employers worldwide. Founded in 1990 as a niche job board for technology talent, the company completed its initial public offering in 2007 and trades on the New York Stock Exchange under the ticker symbol DHX.

The company’s primary offerings include Dice.com, a careers platform designed for technology professionals, and ClearanceJobs, a specialized service catering to candidates holding U.S.