DHI Group (NYSE:DHX) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

DHI Group, Inc. (NYSE:DHX - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.94 and traded as high as $2.05. DHI Group shares last traded at $1.95, with a volume of 101,819 shares.

Wall Street Analyst Weigh In

DHX has been the subject of a number of research reports. Barrington Research reiterated an "outperform" rating and set a $7.00 price objective on shares of DHI Group in a research report on Friday, March 21st. Wall Street Zen lowered shares of DHI Group from a "buy" rating to a "hold" rating in a research report on Friday, May 16th.

DHI Group Stock Down 4.0%

The company's 50-day simple moving average is $1.59 and its two-hundred day simple moving average is $1.95. The firm has a market capitalization of $93.11 million, a P/E ratio of 191.19 and a beta of 1.23. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.47 and a quick ratio of 0.47.

DHI Group (NYSE:DHX - Get Free Report) last announced its earnings results on Wednesday, May 7th. The technology company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.03. DHI Group had a return on equity of 9.21% and a net margin of 0.18%. The company had revenue of $32.30 million for the quarter, compared to analysts' expectations of $32.23 million. As a group, research analysts expect that DHI Group, Inc. will post 0.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DHX. XTX Topco Ltd purchased a new position in DHI Group during the fourth quarter valued at approximately $25,000. Cubist Systematic Strategies LLC raised its position in shares of DHI Group by 258.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company's stock valued at $29,000 after purchasing an additional 15,089 shares during the period. Picton Mahoney Asset Management raised its position in shares of DHI Group by 92.1% during the 4th quarter. Picton Mahoney Asset Management now owns 17,618 shares of the technology company's stock valued at $31,000 after purchasing an additional 8,449 shares during the period. NewEdge Advisors LLC purchased a new position in shares of DHI Group during the 4th quarter valued at $32,000. Finally, Ritholtz Wealth Management bought a new position in DHI Group in the 1st quarter worth $37,000. 69.26% of the stock is currently owned by institutional investors.

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.