DLH (NASDAQ:DLHC) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

DLH Holdings Corp. (NASDAQ:DLHC)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.28 and traded as low as $3.31. DLH shares last traded at $3.34, with a volume of 62,356 shares changing hands.

Wall Street Analyst Weigh In

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

DLH Trading Down 3.2 %

The stock has a market capitalization of $48.05 million, a PE ratio of 7.59 and a beta of 1.46. The stock’s 50 day moving average price is $5.33 and its 200-day moving average price is $7.28. 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 results on Wednesday, February 5th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. DLH had a return on equity of 5.82% and a net margin of 1.64%. On average, sell-side analysts expect that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position 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 valued at $62,000 after buying an additional 1,855 shares during the last quarter. Barclays PLC lifted its stake in DLH by 299.3% in the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock worth $109,000 after purchasing an additional 8,782 shares in the last quarter. Wealthedge Investment Advisors LLC bought a new position in shares of DLH during the 4th quarter valued at about $114,000. BNP Paribas Financial Markets grew its position in shares of DLH by 654.8% during the third quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 12,906 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of DLH by 643.6% in the fourth quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider’s stock worth $220,000 after purchasing an additional 23,703 shares during the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.

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).