DLH (NASDAQ:DLHC) Share Price Crosses Below Two Hundred Day Moving Average - What's Next?

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report)'s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.75 and traded as low as $3.53. DLH shares last traded at $3.67, with a volume of 62,592 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered DLH from a "buy" rating to a "hold" rating in a research report on Friday, February 7th.

DLH Stock Performance

The business's 50 day simple moving average is $4.22 and its two-hundred day simple moving average is $6.61. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $51.07 million, a P/E ratio of 8.07 and a beta of 1.46.

DLH (NASDAQ:DLHC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. DLH had a return on equity of 5.82% and a net margin of 1.64%. Sell-side analysts anticipate that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On DLH

Several large investors have recently modified their holdings of the business. Mink Brook Asset Management LLC purchased a new position in DLH in the 4th quarter worth $10,991,000. Minerva Advisors LLC raised its stake in DLH by 33.2% in the 4th quarter. Minerva Advisors LLC now owns 847,592 shares of the business services provider's stock valued at $6,806,000 after purchasing an additional 211,215 shares during the last quarter. Millennium Management LLC lifted its stake in DLH by 313.4% in the 4th quarter. Millennium Management LLC now owns 69,733 shares of the business services provider's stock worth $560,000 after purchasing an additional 52,864 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in DLH by 643.6% in the 4th quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider's stock valued at $220,000 after buying an additional 23,703 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC purchased a new position in DLH during the fourth quarter worth about $114,000. Institutional investors own 67.25% of the company's stock.

About DLH

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).