DLH (NASDAQ:DLHC) Share Price Passes Below Two Hundred Day Moving Average of $13.42

DLH Holdings Corp. (NASDAQ:DLHC)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.42 and traded as low as $10.61. DLH shares last traded at $10.75, with a volume of 32,023 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of DLH from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 4th.

DLH Stock Performance

The company has a market cap of $152.26 million, a P/E ratio of 50.95 and a beta of 1.18. The stock’s 50-day moving average price is $10.97 and its 200-day moving average price is $13.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.03 and a quick ratio of 1.03.

DLH (NASDAQ:DLHC) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $101.01 million during the quarter, compared to analyst estimates of $99.00 million. DLH had a net margin of 0.76% and a return on equity of 7.66%. During the same period last year, the firm earned $0.06 EPS. Equities analysts anticipate that DLH Holdings Corp. will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Minerva Advisors LLC raised its stake in DLH by 16.7% during the third quarter. Minerva Advisors LLC now owns 505,581 shares of the business services provider’s stock worth $5,723,000 after acquiring an additional 72,173 shares in the last quarter. Legato Capital Management LLC raised its stake in DLH by 3.2% during the fourth quarter. Legato Capital Management LLC now owns 39,164 shares of the business services provider’s stock worth $617,000 after acquiring an additional 1,203 shares in the last quarter. Wasatch Advisors LP raised its stake in DLH by 9.6% during the fourth quarter. Wasatch Advisors LP now owns 548,217 shares of the business services provider’s stock worth $8,634,000 after acquiring an additional 47,866 shares in the last quarter. Vanguard Group Inc. raised its stake in DLH by 0.7% during the first quarter. Vanguard Group Inc. now owns 507,623 shares of the business services provider’s stock worth $6,736,000 after acquiring an additional 3,627 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in DLH during the first quarter worth about $328,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

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).