DLH (NASDAQ:DLHC) Share Price Passes Below 200 Day Moving Average - Should You Sell?

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.04 and traded as low as $4.95. DLH shares last traded at $5.04, with a volume of 26,844 shares.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut DLH from a "buy" rating to a "hold" rating in a report on Saturday, May 17th.

DLH Trading Up 1.2%

The firm has a market capitalization of $72.94 million, a price-to-earnings ratio of 11.52 and a beta of 1.33. The company has a fifty day moving average price of $4.04 and a two-hundred day moving average price of $6.03. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.21.

DLH (NASDAQ:DLHC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). DLH had a net margin of 1.64% and a return on equity of 5.82%. The business had revenue of $89.21 million during the quarter, compared to analyst estimates of $90.00 million. As a group, research analysts forecast that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Insider Activity at DLH

In other news, major shareholder Mink Brook Asset Management Ll bought 9,660 shares of the business's stock in a transaction on Friday, May 2nd. The shares were bought at an average price of $3.91 per share, with a total value of $37,770.60. Following the completion of the transaction, the insider now directly owns 1,358,522 shares in the company, valued at $5,311,821.02. This trade represents a 0.72% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have acquired 119,617 shares of company stock worth $527,321. Insiders own 15.30% of the company's stock.

Institutional Trading of DLH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLHC. Bard Associates Inc. purchased a new stake in DLH in the first quarter valued at approximately $43,000. Nuveen LLC purchased a new stake in DLH in the first quarter valued at approximately $44,000. Bank of America Corp DE raised its position in DLH by 31.9% in the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider's stock valued at $62,000 after purchasing an additional 1,855 shares during the period. Corton Capital Inc. purchased a new stake in DLH in the first quarter valued at approximately $71,000. Finally, Wealthedge Investment Advisors LLC purchased a new stake in DLH in the fourth quarter valued at approximately $114,000. Hedge funds and other institutional investors own 67.25% of the company's stock.

DLH Company Profile

DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).