DLH (NASDAQ:DLHC) Shares Cross Below Two Hundred Day Moving Average - Time to Sell?

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Analyst Ratings Changes

Separately, StockNews.com cut shares of DLH from a "buy" rating to a "hold" rating in a research note on Friday, February 7th.

DLH Stock Performance

The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.21. The business has a 50 day moving average of $4.26 and a 200 day moving average of $6.66. The company has a market capitalization of $51.93 million, a P/E ratio of 8.20 and a beta of 1.46.

DLH (NASDAQ:DLHC - Get Free Report) last posted its earnings results on Wednesday, February 5th. The business services provider reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. DLH had a net margin of 1.64% and a return on equity of 5.82%. On average, sell-side analysts predict that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Institutional Trading of DLH

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its stake in DLH by 31.9% during the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider's stock worth $62,000 after acquiring an additional 1,855 shares during the last quarter. State Street Corp increased its position in shares of DLH by 3.9% during the 3rd quarter. State Street Corp now owns 111,447 shares of the business services provider's stock valued at $1,043,000 after purchasing an additional 4,165 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of DLH by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider's stock valued at $2,169,000 after purchasing an additional 7,000 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in DLH by 27.6% during the 4th quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider's stock valued at $315,000 after buying an additional 8,481 shares during the period. Finally, Barclays PLC lifted its position in DLH by 299.3% in the third quarter. Barclays PLC now owns 11,716 shares of the business services provider's stock worth $109,000 after buying an additional 8,782 shares during the last quarter. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

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).