DHI Group (NYSE:DHX) Downgraded to Strong Sell at ValuEngine

ValuEngine downgraded shares of DHI Group (NYSE:DHX) from a sell rating to a strong sell rating in a research note issued to investors on Friday, ValuEngine reports.

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Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut DHI Group from a hold rating to a sell rating in a research report on Friday, November 1st. TheStreet upgraded DHI Group from a c rating to a b- rating in a research report on Friday, August 2nd.

Shares of DHX stock traded down $0.82 during mid-day trading on Friday, hitting $3.00. 1,454,402 shares of the stock traded hands, compared to its average volume of 333,792. DHI Group has a twelve month low of $1.34 and a twelve month high of $4.44. The firm has a market cap of $151.36 million, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 0.95 and a beta of 1.59. The company’s 50-day simple moving average is $3.71 and its 200-day simple moving average is $3.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.38 and a current ratio of 0.38.

DHI Group (NYSE:DHX) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. DHI Group had a return on equity of 7.07% and a net margin of 5.63%. The company had revenue of $37.18 million for the quarter, compared to analysts’ expectations of $36.94 million. Analysts forecast that DHI Group will post 0.2 earnings per share for the current year.

Several hedge funds have recently modified their holdings of DHX. BlackRock Inc. increased its position in shares of DHI Group by 284.0% during the 2nd quarter. BlackRock Inc. now owns 3,249,829 shares of the technology company’s stock valued at $11,602,000 after purchasing an additional 2,403,469 shares during the period. Hillsdale Investment Management Inc. increased its position in shares of DHI Group by 5,062.6% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 469,800 shares of the technology company’s stock valued at $1,677,000 after purchasing an additional 460,700 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of DHI Group by 32.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,590,467 shares of the technology company’s stock valued at $5,678,000 after purchasing an additional 391,997 shares during the period. Vanguard Group Inc. increased its position in shares of DHI Group by 16.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,326,200 shares of the technology company’s stock valued at $8,305,000 after purchasing an additional 334,450 shares during the period. Finally, Foundry Partners LLC acquired a new position in shares of DHI Group during the 3rd quarter valued at $1,260,000. Institutional investors own 74.71% of the company’s stock.

DHI Group Company Profile

DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals in the United States and internationally. The company operates Dice that offers job postings of technology and non-technology companies for industries, such as positions for software engineers, big data professionals, systems administrators, database specialists, project managers, and other technology and engineering professionals; and ClearanceJobs, an Internet-based career network, which matches security-cleared professionals with hiring companies searching for employees.

Further Reading: Hold Rating

To view ValuEngine’s full report, visit ValuEngine’s official website.

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