DHI Group (NYSE:DHX) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of DHI Group, Inc. (NYSE:DHX) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.49 and traded as high as $3.60. DHI Group shares last traded at $3.4110, with a volume of 181,716 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently commented on DHX. Barrington Research reissued an “outperform” rating and set a $10.00 price target on shares of DHI Group in a research note on Monday, May 18th. B. Riley Financial began coverage on DHI Group in a research note on Thursday, May 14th. They set a “buy” rating and a $4.50 price target on the stock. Wall Street Zen raised DHI Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings lowered DHI Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 18th. Finally, Zacks Research lowered DHI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.83.

DHI Group Stock Down 4.2%

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market capitalization of $147.36 million, a P/E ratio of -68.21 and a beta of 1.25. The stock has a 50-day moving average price of $3.27 and a 200-day moving average price of $2.49.

DHI Group (NYSE:DHX) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. DHI Group had a positive return on equity of 11.60% and a negative net margin of 1.78%.The company had revenue of $29.69 million during the quarter, compared to the consensus estimate of $29.05 million. On average, research analysts predict that DHI Group, Inc. will post 0.24 EPS for the current fiscal year.

Insider Transactions at DHI Group

In other DHI Group news, Director Kathleen M. Swann sold 20,000 shares of DHI Group stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $3.83, for a total value of $76,600.00. Following the completion of the sale, the director directly owned 193,154 shares in the company, valued at approximately $739,779.82. The trade was a 9.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of DHI Group stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $3.09, for a total value of $82,227.99. Following the completion of the sale, the director owned 137,653 shares of the company’s stock, valued at approximately $425,347.77. The trade was a 16.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On DHI Group

Hedge funds have recently added to or reduced their stakes in the business. Prescott Group Capital Management L.L.C. bought a new stake in DHI Group in the fourth quarter worth approximately $299,000. Pacific Ridge Capital Partners LLC increased its holdings in DHI Group by 10.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 3,438,349 shares of the technology company’s stock worth $5,329,000 after purchasing an additional 329,214 shares in the last quarter. Empowered Funds LLC increased its holdings in DHI Group by 13.9% in the first quarter. Empowered Funds LLC now owns 75,295 shares of the technology company’s stock worth $212,000 after purchasing an additional 9,192 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in DHI Group in the first quarter worth approximately $166,000. Finally, Sei Investments Co. increased its holdings in DHI Group by 108.9% in the first quarter. Sei Investments Co. now owns 1,804,281 shares of the technology company’s stock worth $5,070,000 after purchasing an additional 940,667 shares in the last quarter. 69.26% of the stock is currently owned by institutional investors.

DHI Group Company Profile

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.