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

Shares of DHI Group, Inc. (NYSE:DHX - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.02 and traded as high as $2.55. DHI Group shares last traded at $2.41, with a volume of 107,317 shares traded.

Analyst Ratings Changes

Several research firms have recently commented on DHX. Barrington Research restated an "outperform" rating and issued a $7.00 target price on shares of DHI Group in a research note on Friday, March 21st. Wall Street Zen cut shares of DHI Group from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

DHI Group Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.47 and a quick ratio of 0.47. The company's 50 day moving average is $1.93 and its 200 day moving average is $2.04. The stock has a market cap of $125.29 million, a price-to-earnings ratio of -15.12 and a beta of 1.43.

DHI Group (NYSE:DHX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. DHI Group had a negative net margin of 5.49% and a positive return on equity of 9.22%. The firm had revenue of $32.30 million during the quarter, compared to analysts' expectations of $32.23 million. Research analysts forecast that DHI Group, Inc. will post 0.11 earnings per share for the current fiscal year.

Institutional Trading of DHI Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tieton Capital Management LLC increased its holdings in DHI Group by 24.3% during the 4th quarter. Tieton Capital Management LLC now owns 3,008,584 shares of the technology company's stock valued at $5,325,000 after acquiring an additional 587,376 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in DHI Group by 9.5% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 3,237,947 shares of the technology company's stock valued at $5,731,000 after acquiring an additional 280,699 shares in the last quarter. AWM Investment Company Inc. increased its holdings in DHI Group by 17.2% during the 4th quarter. AWM Investment Company Inc. now owns 681,000 shares of the technology company's stock valued at $1,205,000 after acquiring an additional 100,000 shares in the last quarter. Royce & Associates LP increased its holdings in DHI Group by 2.7% during the 4th quarter. Royce & Associates LP now owns 3,450,934 shares of the technology company's stock valued at $6,108,000 after acquiring an additional 91,786 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in DHI Group by 37.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 316,808 shares of the technology company's stock valued at $440,000 after acquiring an additional 86,631 shares in the last quarter. Institutional investors and hedge funds own 69.26% of the company's stock.

DHI Group Company Profile

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.