DLH (NASDAQ:DLHC) Stock Price Passes Below Two Hundred Day Moving Average of $13.42

DLH Holdings Corp. (NASDAQ:DLHC) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.42 and traded as low as $10.61. DLH shares last traded at $10.75, with a volume of 32,023 shares.

Analysts Set New Price Targets

Separately, StockNews.com cut DLH from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 4th.

DLH Price Performance

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.38. The company has a market cap of $152.97 million, a price-to-earnings ratio of 51.19 and a beta of 1.18. The stock’s 50-day simple moving average is $10.98 and its 200 day simple moving average is $13.42.

DLH (NASDAQ:DLHC) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $101.01 million for the quarter, compared to analysts’ expectations of $99.00 million. DLH had a return on equity of 7.66% and a net margin of 0.76%. During the same period in the previous year, the business posted $0.06 EPS. On average, equities research analysts anticipate that DLH Holdings Corp. will post 0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On DLH

Several institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP boosted its stake in shares of DLH by 9.6% in the fourth quarter. Wasatch Advisors LP now owns 548,217 shares of the business services provider’s stock valued at $8,634,000 after purchasing an additional 47,866 shares during the period. Vanguard Group Inc. boosted its position in DLH by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 507,623 shares of the business services provider’s stock valued at $6,736,000 after buying an additional 3,627 shares during the period. Minerva Advisors LLC boosted its position in DLH by 16.7% in the 3rd quarter. Minerva Advisors LLC now owns 505,581 shares of the business services provider’s stock valued at $5,723,000 after buying an additional 72,173 shares during the period. Essex Investment Management Co. LLC grew its stake in shares of DLH by 1.4% in the first quarter. Essex Investment Management Co. LLC now owns 98,622 shares of the business services provider’s stock worth $1,309,000 after acquiring an additional 1,364 shares in the last quarter. Finally, Legato Capital Management LLC increased its position in shares of DLH by 3.2% during the fourth quarter. Legato Capital Management LLC now owns 39,164 shares of the business services provider’s stock worth $617,000 after acquiring an additional 1,203 shares during the period. 67.25% of the stock is owned by institutional investors and hedge funds.

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).