DHI Group (NYSE:DHX) to Repurchase $5.00 million in Outstanding Shares

DHI Group (NYSE:DHX) declared that its board has approved a stock repurchase plan on Tuesday, January 21st, RTT News reports. The company plans to repurchase $5.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 4.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

DHI Group Price Performance

DHX opened at $2.34 on Friday. DHI Group has a fifty-two week low of $1.45 and a fifty-two week high of $2.98. The firm has a 50-day moving average of $1.91 and a 200 day moving average of $1.86. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market cap of $112.85 million, a P/E ratio of 58.39 and a beta of 1.07.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DHX shares. B. Riley decreased their price target on DHI Group from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Barrington Research restated an “outperform” rating and set a $7.00 target price on shares of DHI Group in a research report on Thursday, November 21st.

DHI Group Company Profile

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.