DHI Group (NYSE:DHX) Stock Breaks Above 200 Day Moving Average – Should You Sell?

DHI Group, Inc. (NYSE:DHX) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $3.77 and traded as high as $4.88. DHI Group shares last traded at $4.8420, with a volume of 155,146 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DHX shares. Weiss Ratings raised DHI Group from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Lake Street Capital raised shares of 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. Zacks Research lowered shares of DHI Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, B. Riley Financial raised their price objective on shares of DHI Group from $4.50 to $5.25 and gave the company a “buy” rating in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $6.75.

DHI Group Trading Up 1.9%

The company has a debt-to-equity ratio of 0.34, a current ratio of 0.44 and a quick ratio of 0.44. The stock’s 50-day moving average is $4.44 and its two-hundred day moving average is $3.79. The company has a market cap of $219.88 million, a P/E ratio of 168.86 and a beta of 1.24.

DHI Group (NYSE:DHX) last posted its earnings results on Wednesday, August 5th. The technology company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $31.34 million during the quarter, compared to the consensus estimate of $30.88 million. DHI Group had a net margin of 0.97% and a return on equity of 13.01%. As a group, equities research analysts predict that DHI Group, Inc. will post 0.27 earnings per share for the current fiscal year.

Institutional Trading of DHI Group

A number of hedge funds have recently bought and sold shares of DHX. Empowered Funds LLC increased its holdings in DHI Group by 13.9% during the first quarter. Empowered Funds LLC now owns 75,295 shares of the technology company’s stock valued at $212,000 after buying an additional 9,192 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of DHI Group by 17.8% during the 1st quarter. Bank of America Corp DE now owns 87,978 shares of the technology company’s stock worth $247,000 after acquiring an additional 13,317 shares during the last quarter. Keel Point LLC purchased a new position in shares of DHI Group during the 1st quarter worth $123,000. Walleye Capital LLC bought a new stake in shares of DHI Group during the 2nd quarter valued at $172,000. Finally, CWC Advisors LLC. grew its position in shares of DHI Group by 29.2% during the 1st quarter. CWC Advisors LLC. now owns 227,141 shares of the technology company’s stock valued at $638,000 after acquiring an additional 51,328 shares during the period. Hedge funds and other institutional investors own 69.26% of the company’s stock.

About DHI Group

DHI Group, Inc is a specialized career marketplace and recruiting-services company that connects employers with professionals in technology and national security. Its platforms support job advertising, candidate search, employer branding, recruitment marketing, and related hiring activities.

The company’s principal brands include Dice, which focuses on technology professionals and technology-related employment opportunities, and ClearanceJobs, which serves professionals who hold or seek U.S.