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

Key Points

• Shares of DHI Group, Inc. (NYSE:DHX) surpassed its 200-day moving average of $2.21, trading as high as $2.83 before closing at $2.77.
• The company received mixed analyst ratings, with one upgrade to strong-buy from Zacks Research and two downgrades to hold from Wall Street Zen and Lake Street Capital.
• Institutional investors hold 69.26% of DHI Group's stock, with significant increases in stakes from firms like 22NW LP and Goldman Sachs Group Inc. in recent quarters.

DHI Group, Inc. (NYSE:DHX - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.21 and traded as high as $2.83. DHI Group shares last traded at $2.77, with a volume of 985,176 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DHX shares. Wall Street Zen downgraded DHI Group from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. Zacks Research raised DHI Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 18th. Finally, Lake Street Capital downgraded 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. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $4.50.

DHI Group Stock Up 9.2%

The company has a market cap of $147.82 million, a P/E ratio of -14.64 and a beta of 1.54. The company has a 50 day moving average of $2.72 and a 200-day moving average of $2.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.42 and a quick ratio of 0.42.

Institutional Investors Weigh In On DHI Group

Large investors have recently added to or reduced their stakes in the company. Evergreen Capital Management LLC purchased a new position in shares of DHI Group in the second quarter worth about $603,000. Sei Investments Co. boosted its position in DHI Group by 22.3% during the 2nd quarter. Sei Investments Co. now owns 57,089 shares of the technology company's stock valued at $170,000 after acquiring an additional 10,426 shares in the last quarter. 22NW LP boosted its position in shares of DHI Group by 26.7% in the 2nd quarter. 22NW LP now owns 3,299,937 shares of the technology company's stock worth $9,801,000 after purchasing an additional 696,294 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of DHI Group in the 2nd quarter worth approximately $45,000. Finally, Panagora Asset Management Inc. purchased a new stake in shares of DHI Group in the 2nd quarter worth approximately $68,000. Hedge funds and other institutional investors 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.