DHI Group (NYSE:DHX) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• DHI Group shares moved above their 200-day moving average, reaching $4.91 and last trading at $4.807, compared with a 200-day average of $3.50.
• Analyst sentiment is generally positive: three analysts rate DHX a Buy and two rate it Hold, producing a “Moderate Buy” consensus and an average price target of $6.75.
• The company exceeded quarterly expectations, reporting earnings of $0.09 per share versus the $0.04 consensus and revenue of $31.34 million versus estimates of $30.88 million; institutional investors own 69.26% of the stock.

Shares of DHI Group, Inc. (NYSE:DHX - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.50 and traded as high as $4.91. DHI Group shares last traded at $4.8070, with a volume of 398,275 shares.

Wall Street Analyst Weigh In

Several research firms recently commented on DHX. Lake Street Capital raised DHI Group from a "hold" rating to a "buy" rating and set a $5.00 price objective on the stock in a research report on Thursday, August 6th. B. Riley Financial boosted their target price on DHI Group from $4.50 to $5.25 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Barrington Research restated an "outperform" rating and set a $10.00 target price on shares of DHI Group in a research note on Monday, May 18th. Weiss Ratings raised shares of DHI Group from a "sell (d-)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th. Finally, Zacks Research lowered shares of DHI Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $6.75.

DHI Group Price Performance

The stock has a market capitalization of $208.72 million, a P/E ratio of 160.29 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a fifty day moving average price of $4.15 and a two-hundred day moving average price of $3.50.

DHI Group (NYSE:DHX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. The company had revenue of $31.34 million during the quarter, compared to analyst estimates of $30.88 million. DHI Group had a return on equity of 13.01% and a net margin of 0.97%. As a group, analysts expect that DHI Group, Inc. will post 0.27 EPS for the current fiscal year.

Institutional Investors Weigh In On DHI Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Keel Point LLC purchased a new position in shares of DHI Group in the first quarter worth approximately $123,000. Walleye Capital LLC purchased a new stake in DHI Group during the second quarter valued at approximately $172,000. Bank of America Corp DE purchased a new stake in DHI Group during the second quarter valued at approximately $189,000. Hsbc Holdings PLC bought a new position in DHI Group in the second quarter worth approximately $206,000. Finally, OMERS ADMINISTRATION Corp bought a new position in DHI Group in the first quarter worth approximately $166,000. Hedge funds and other institutional investors own 69.26% of the company's stock.

DHI Group Company Profile

DHI Group, Inc NYSE: DHX is a specialized professional recruitment and career development company that operates digital platforms connecting technology and security-cleared professionals with employers worldwide. Founded in 1990 as a niche job board for technology talent, the company completed its initial public offering in 2007 and trades on the New York Stock Exchange under the ticker symbol DHX.

The company's primary offerings include Dice.com, a careers platform designed for technology professionals, and ClearanceJobs, a specialized service catering to candidates holding U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.