DHI Group (NYSE:DHX) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• DHI Group's share price crossed above its 200-day moving average (200‑DMA $2.13), trading as high as $2.97 and last at $2.94 (up about 3.2%).
• The board authorized a $10.0 million share repurchase (up to ~12.6% of shares), while analysts remain mixed with an average rating of "Hold" and an average price target of $6.25 (1 Buy, 2 Hold, 1 Sell).
• Fundamentals show a market cap of $129.1M, a negative P/E (-9.8) and weak liquidity (current and quick ratios 0.44), with institutional investors owning roughly 69.3% of the stock.

DHI Group, Inc. (NYSE:DHX - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.13 and traded as high as $2.97. DHI Group shares last traded at $2.94, with a volume of 166,706 shares.

Analysts Set New Price Targets

A number of equities analysts recently 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, April 6th. Barrington Research reaffirmed an "outperform" rating and issued a $10.00 price objective on shares of DHI Group in a research note on Friday, March 20th. Finally, Weiss Ratings reaffirmed 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 Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $6.25.

DHI Group Trading Up 3.2%

The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.32. The company has a market cap of $129.06 million, a PE ratio of -9.80 and a beta of 1.26. The business's 50-day simple moving average is $2.62 and its 200-day simple moving average is $2.13.

DHI Group announced that its board has initiated a share repurchase program on Wednesday, February 4th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 12.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Institutional Investors Weigh In On DHI Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacific Ridge Capital Partners LLC lifted its position in DHI Group by 10.6% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 3,438,349 shares of the technology company's stock worth $5,329,000 after buying an additional 329,214 shares in the last quarter. Tieton Capital Management LLC raised its holdings in shares of DHI Group by 1.0% during the 4th quarter. Tieton Capital Management LLC now owns 3,042,649 shares of the technology company's stock valued at $4,716,000 after purchasing an additional 31,100 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of DHI Group by 13.6% during the 4th quarter. Renaissance Technologies LLC now owns 2,187,229 shares of the technology company's stock valued at $3,390,000 after purchasing an additional 262,300 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of DHI Group by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,961,064 shares of the technology company's stock valued at $5,452,000 after purchasing an additional 65,462 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its holdings in shares of DHI Group by 117.5% during the 4th quarter. Kennedy Capital Management LLC now owns 1,828,888 shares of the technology company's stock valued at $2,835,000 after purchasing an additional 988,188 shares in the last quarter. Hedge funds and other institutional investors own 69.26% of the company's stock.

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.

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