DHI Group (NYSE:DHX) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

DHI Group, Inc. (NYSE:DHX)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

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

DHI Group Price Performance

The company’s 50 day simple moving average is $2.31 and its 200 day simple moving average is $2.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market cap of $116.43 million, a P/E ratio of -8.63 and a beta of 1.37.

DHI Group declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 4th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits 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 leadership believes its shares are undervalued.

Institutional Trading of DHI Group

Hedge funds have recently added to or reduced their stakes in the business. Prudential Financial Inc. bought a new position in DHI Group during the second quarter worth about $33,000. Invesco Ltd. bought a new stake in shares of DHI Group in the second quarter worth about $45,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of DHI Group in the third quarter worth about $49,000. Cubist Systematic Strategies LLC raised its position in shares of DHI Group by 258.8% during the first quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock worth $29,000 after purchasing an additional 15,089 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of DHI Group by 1,940.5% during the third quarter. JPMorgan Chase & Co. now owns 21,078 shares of the technology company’s stock worth $59,000 after purchasing an additional 20,045 shares during the period. Institutional investors and hedge funds own 69.26% of the company’s stock.

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.