DLH (NASDAQ:DLHC) Stock Crosses Below 200 Day Moving Average – Here’s Why

DLH Holdings Corp. (NASDAQ:DLHC)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.67 and traded as low as $4.55. DLH shares last traded at $4.56, with a volume of 35,006 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut DLH from a “buy” rating to a “hold” rating in a report on Friday, February 7th.

DLH Price 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 stock’s 50-day moving average price is $6.04 and its 200-day moving average price is $7.67. The company has a market capitalization of $65.60 million, a price-to-earnings ratio of 10.36 and a beta of 1.40.

DLH (NASDAQ:DLHC) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. DLH had a return on equity of 5.82% and a net margin of 1.64%. Equities research analysts anticipate that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Hedge Funds Weigh In On DLH

Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in DLH by 31.9% during the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 1,855 shares during the period. State Street Corp lifted its holdings in DLH by 3.9% in the third quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock valued at $1,043,000 after buying an additional 4,165 shares during the period. Renaissance Technologies LLC boosted its stake in DLH by 2.7% in the fourth quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider’s stock valued at $2,169,000 after acquiring an additional 7,000 shares during the last quarter. Bank of New York Mellon Corp grew 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 worth $315,000 after acquiring an additional 8,481 shares during the period. Finally, Barclays PLC raised its position in shares of DLH by 299.3% during the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 8,782 shares during the last quarter. Institutional investors 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).