DHI Group (NYSE:DHX) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

DHI Group, Inc. (NYSE:DHX) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.88 and traded as high as $1.91. DHI Group shares last traded at $1.89, with a volume of 80,234 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DHX shares. B. Riley reduced their price objective on DHI Group from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Barrington Research reiterated an “outperform” rating and set a $7.00 price objective on shares of DHI Group in a report on Thursday, November 21st.

DHI Group Stock Performance

The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $1.77 and its 200 day moving average price is $1.88. The company has a market cap of $91.35 million, a P/E ratio of 47.26 and a beta of 1.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DHX. Geode Capital Management LLC increased its stake in shares of DHI Group by 2.3% in the third quarter. Geode Capital Management LLC now owns 379,424 shares of the technology company’s stock worth $698,000 after purchasing an additional 8,547 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in DHI Group by 86.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,659 shares of the technology company’s stock valued at $113,000 after buying an additional 28,552 shares during the last quarter. Royce & Associates LP increased its position in DHI Group by 5.5% in the 3rd quarter. Royce & Associates LP now owns 3,359,148 shares of the technology company’s stock worth $6,181,000 after buying an additional 174,010 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of DHI Group by 35.6% during the third quarter. GSA Capital Partners LLP now owns 225,353 shares of the technology company’s stock worth $415,000 after buying an additional 59,155 shares during the last quarter. Finally, Allworth Financial LP bought a new stake in shares of DHI Group in the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 69.26% of the company’s stock.

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.