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

Key Points

• DHI Group's share price has surpassed its 200-day moving average, closing at $2.32 after reaching a high of $2.36 during trading.
• Analysts have recently downgraded DHI Group from a "buy" rating to a "hold" rating, with Lake Street Capital setting a price target of $3.00.
• Institutional investors hold 69.26% of DHI Group's stock, indicating significant institutional interest in the company.

DHI Group, Inc. (NYSE:DHX - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.23 and traded as high as $2.36. DHI Group shares last traded at $2.32, with a volume of 69,362 shares traded.

Wall Street Analyst Weigh In

DHX has been the subject of a number of recent research reports. Lake Street Capital lowered shares of DHI Group from a "buy" rating to a "hold" rating and set a $3.00 price target for the company. in a research report on Thursday, August 7th. Wall Street Zen lowered shares of DHI Group from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $4.50.

DHI Group Price Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market capitalization of $123.96 million, a PE ratio of -12.38 and a beta of 1.48. The stock's 50 day simple moving average is $2.69 and its 200-day simple moving average is $2.22.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new stake in shares of DHI Group in the fourth quarter valued at approximately $25,000. Cubist Systematic Strategies LLC lifted its holdings in DHI Group by 258.8% in the first quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company's stock valued at $29,000 after acquiring an additional 15,089 shares during the period. NewEdge Advisors LLC acquired a new stake in DHI Group in the fourth quarter valued at $32,000. Prudential Financial Inc. purchased a new position in shares of DHI Group in the second quarter valued at $33,000. Finally, Ritholtz Wealth Management purchased a new position in shares of DHI Group in the first quarter valued at $37,000. Institutional investors and hedge funds own 69.26% of the company's stock.

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.