DLH (NASDAQ:DLHC) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Shares of DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.33 and traded as low as $7.72. DLH shares last traded at $7.94, with a volume of 25,033 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded DLH from a "hold" rating to a "buy" rating in a research note on Thursday, January 9th.

DLH Stock Down 0.3 %

The company has a market cap of $113.97 million, a P/E ratio of 15.53 and a beta of 1.18. The stock has a 50-day moving average of $8.08 and a 200 day moving average of $9.32. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.99 and a quick ratio of 0.99.

Insider Transactions at DLH

In other news, CFO Kathryn M. Johnbull acquired 10,000 shares of the stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of $7.76 per share, for a total transaction of $77,600.00. Following the completion of the transaction, the chief financial officer now directly owns 528,687 shares in the company, valued at approximately $4,102,611.12. This trade represents a 1.93 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 21.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DLH

A number of large investors have recently modified their holdings of the business. Rhumbline Advisers bought a new stake in shares of DLH during the 2nd quarter worth $90,000. Barclays PLC raised its stake in DLH by 299.3% during the third quarter. Barclays PLC now owns 11,716 shares of the business services provider's stock worth $109,000 after acquiring an additional 8,782 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of DLH by 654.8% in the third quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider's stock worth $139,000 after acquiring an additional 12,906 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of DLH in the 2nd quarter valued at approximately $367,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of DLH by 160.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 37,238 shares of the business services provider's stock valued at $393,000 after purchasing an additional 22,928 shares during the last quarter. Institutional investors and hedge funds 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).