DHI Group (NYSE:DHX) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

DHI Group, Inc. (NYSE:DHX) shares crossed 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.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DHX. B. Riley lowered their price target on shares of DHI Group from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Barrington Research reissued an “outperform” rating and issued a $7.00 price target on shares of DHI Group in a research report on Thursday, November 21st.

DHI Group Trading Up 1.1 %

The company has a 50 day moving average of $1.77 and a 200 day moving average of $1.88. The firm has a market cap of $91.35 million, a price-to-earnings ratio of 47.26 and a beta of 1.06. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.29.

Institutional Investors Weigh In On DHI Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 DIFC Ltd bought a new position in DHI Group during the 2nd quarter valued at about $30,000. Cubist Systematic Strategies LLC bought a new stake in DHI Group during the second quarter worth about $35,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of DHI Group during the second quarter worth approximately $41,000. Allworth Financial LP bought a new position in shares of DHI Group in the third quarter valued at approximately $49,000. Finally, XTX Topco Ltd acquired a new position in shares of DHI Group in the 2nd quarter worth approximately $52,000. Institutional investors and hedge funds own 69.26% of the company’s stock.

About DHI Group

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.