DHI Group (NYSE:DHX) Announces Share Buyback Plan

DHI Group (NYSE:DHX) announced that its Board of Directors has approved a share buyback plan on Tuesday, January 21st, RTT News reports. The company plans to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 4.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. B. Riley lowered their price objective on shares of DHI Group from $4.00 to $3.50 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Barrington Research reissued an “outperform” rating and issued a $7.00 price objective on shares of DHI Group in a research note on Thursday, November 21st.

DHI Group Price Performance

Shares of NYSE DHX opened at $2.35 on Wednesday. DHI Group has a 52 week low of $1.45 and a 52 week high of $2.98. The stock has a market cap of $113.58 million, a price-to-earnings ratio of 58.76 and a beta of 1.07. The company’s 50-day moving average price is $1.88 and its 200 day moving average price is $1.85. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.29.

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.