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

DHI Group, Inc. (NYSE:DHX - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.97 and traded as high as $2.38. DHI Group shares last traded at $2.35, with a volume of 124,243 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DHX shares. Wall Street Zen downgraded shares of DHI Group from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Barrington Research reiterated an "outperform" rating and issued a $7.00 target price on shares of DHI Group in a report on Friday, March 21st.

DHI Group Trading Up 3.9%

The company's 50 day simple moving average is $1.68 and its 200 day simple moving average is $1.97. The firm has a market cap of $117.49 million, a price-to-earnings ratio of 241.24 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 released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. The business had revenue of $32.30 million during the quarter, compared to analysts' expectations of $32.23 million. DHI Group had a net margin of 0.18% and a return on equity of 9.21%. As a group, research analysts expect that DHI Group, Inc. will post 0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DHI Group

Several institutional investors have recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in DHI Group in the fourth quarter valued at $25,000. Cubist Systematic Strategies LLC lifted its position 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 last quarter. Picton Mahoney Asset Management lifted its position in DHI Group by 92.1% in the fourth quarter. Picton Mahoney Asset Management now owns 17,618 shares of the technology company's stock valued at $31,000 after acquiring an additional 8,449 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in DHI Group in the fourth quarter valued at $32,000. Finally, Ritholtz Wealth Management purchased a new stake in DHI Group in the first quarter valued at $37,000. 69.26% of the stock is owned by hedge funds and other institutional investors.

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.