DHI Group (NYSE:DHX) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

DHI Group, Inc. (NYSE:DHX - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.95 and traded as high as $3.26. DHI Group shares last traded at $3.00, with a volume of 205,512 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DHX. Barrington Research reiterated an "outperform" rating and set a $7.00 price objective on shares of DHI Group in a research report on Thursday, February 6th. B. Riley dropped their target price on DHI Group from $4.00 to $3.50 and set a "buy" rating for the company in a report on Wednesday, November 13th.

DHI Group Stock Down 3.7 %

The company has a debt-to-equity ratio of 0.28, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market cap of $128.17 million, a P/E ratio of 262.26 and a beta of 1.11. The stock has a 50-day moving average of $2.37 and a 200 day moving average of $1.96.

DHI Group (NYSE:DHX - Get Free Report) last released its earnings results on Wednesday, February 5th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.04. DHI Group had a return on equity of 9.21% and a net margin of 0.18%. Research analysts anticipate that DHI Group, Inc. will post 0.11 earnings per share for the current year.

DHI Group declared that its board has approved a share buyback program on Tuesday, January 21st that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 4.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other DHI Group news, Director Kathleen M. Swann sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $2.96, for a total value of $29,600.00. Following the transaction, the director now directly owns 118,113 shares of the company's stock, valued at approximately $349,614.48. The trade was a 7.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 18,200 shares of company stock valued at $45,530 over the last ninety days. 15.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On DHI Group

A number of institutional investors have recently modified their holdings of DHX. XTX Topco Ltd acquired a new position in shares of DHI Group during the fourth quarter worth approximately $25,000. Picton Mahoney Asset Management lifted its position in shares of DHI Group by 92.1% during the 4th quarter. Picton Mahoney Asset Management now owns 17,618 shares of the technology company's stock valued at $31,000 after buying an additional 8,449 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in DHI Group during the 4th quarter worth about $32,000. Allworth Financial LP purchased a new stake in DHI Group during the 3rd quarter worth about $49,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in DHI Group by 86.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,659 shares of the technology company's stock worth $113,000 after purchasing an additional 28,552 shares in the last quarter. 69.26% of the stock is owned by institutional investors and hedge funds.

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.