DLH (NASDAQ:DLHC) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

DLH Holdings Corp. (NASDAQ:DLHC) 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 trading hands.

Analysts Set New Price Targets

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

DLH Price Performance

The company has a fifty day moving average price of $5.90 and a two-hundred day moving average price of $7.63. The firm has a market capitalization of $64.16 million, a price-to-earnings ratio of 10.14 and a beta of 1.40. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.21.

DLH (NASDAQ:DLHC) last issued 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 net margin of 1.64% and a return on equity of 5.82%. On average, equities research analysts expect that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

Institutional Trading of DLH

A number of hedge funds have recently added to or reduced their stakes in DLHC. Bank of America Corp DE raised its stake in shares of DLH by 31.9% during the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after purchasing an additional 1,855 shares during the last quarter. State Street Corp increased its stake in DLH by 3.9% in the 3rd 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 raised its position in DLH by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider’s stock worth $2,169,000 after buying an additional 7,000 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of DLH by 27.6% in the fourth quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider’s stock valued at $315,000 after acquiring an additional 8,481 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of DLH by 299.3% during the third quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock worth $109,000 after acquiring an additional 8,782 shares during the period. 67.25% of the stock is owned by institutional investors and hedge funds.

About DLH

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).