DHI Group (NYSE:DHX) Stock Crosses Above 200-Day Moving Average of $0.00

DHI Group, Inc. (NYSE:DHX)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $6.09. DHI Group shares last traded at $5.94, with a volume of 750,924 shares trading hands.

Several analysts recently weighed in on the stock. Lake Street Capital assumed coverage on shares of DHI Group in a report on Tuesday, November 30th. They issued a “buy” rating and a $10.00 target price on the stock. Zacks Investment Research cut shares of DHI Group from a “hold” rating to a “sell” rating in a report on Thursday.

The business’s fifty day moving average price is $5.67 and its 200 day moving average price is $4.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.39 and a quick ratio of 0.39.

DHI Group (NYSE:DHX) last announced its earnings results on Wednesday, November 10th. The technology company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $30.76 million during the quarter, compared to analyst estimates of $29.59 million. DHI Group had a negative net margin of 22.33% and a positive return on equity of 2.26%. During the same period in the previous year, the firm earned $0.04 earnings per share. Analysts predict that DHI Group, Inc. will post 0.02 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. grew its position in DHI Group by 204.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 14,114 shares of the technology company’s stock valued at $48,000 after buying an additional 9,477 shares during the last quarter. Ergoteles LLC purchased a new position in DHI Group in the 2nd quarter valued at $481,000. Ground Swell Capital LLC purchased a new position in DHI Group in the 2nd quarter valued at $37,000. Qube Research & Technologies Ltd purchased a new stake in shares of DHI Group during the 2nd quarter worth $42,000. Finally, Franklin Resources Inc. boosted its position in shares of DHI Group by 172.6% during the 2nd quarter. Franklin Resources Inc. now owns 830,765 shares of the technology company’s stock worth $2,808,000 after purchasing an additional 525,965 shares in the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

About DHI Group (NYSE:DHX)

DHI Group, Inc engages in the provision data, insights and employment connections through services for technology professionals including technology, security clearance and financial services. It offers its services under the following brands: Dice, Dice Europe, ClearanceJobs, Targeted Job Fairs, eFinancialCareers, Rigzone, Hcareers, and BioSpace.

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