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

DHI Group, Inc. (NYSE:DHX - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.20 and traded as high as $2.86. DHI Group shares last traded at $2.78, with a volume of 59,633 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered DHI Group from a "buy" rating to a "hold" rating in a report on Friday, May 16th.

DHI Group Stock Down 2.2%

The business has a 50-day moving average price of $2.57 and a 200 day moving average price of $2.21. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $135.92 million, a P/E ratio of -16.40 and a beta of 1.53.

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

Institutional Trading of DHI Group

A number of large investors have recently modified their holdings of DHX. Ritholtz Wealth Management purchased a new position in shares of DHI Group in the 1st quarter valued at approximately $37,000. Northern Trust Corp raised its stake in DHI Group by 7.0% in the 4th quarter. Northern Trust Corp now owns 77,687 shares of the technology company's stock worth $138,000 after acquiring an additional 5,090 shares during the last quarter. AWM Investment Company Inc. raised its stake in DHI Group by 17.2% in the 4th quarter. AWM Investment Company Inc. now owns 681,000 shares of the technology company's stock worth $1,205,000 after acquiring an additional 100,000 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of DHI Group in the fourth quarter worth about $32,000. Finally, CWC Advisors LLC. increased its holdings in shares of DHI Group by 32.8% during the 1st quarter. CWC Advisors LLC. now owns 235,603 shares of the technology company's stock valued at $327,000 after purchasing an additional 58,137 shares in the last quarter. 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.