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

DLH Holdings Corp. (NASDAQ:DLHC) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.43 and traded as low as $8.08. DLH shares last traded at $8.17, with a volume of 51,099 shares trading hands.

DLH Trading Down 1.0 %

The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.32. The stock’s 50 day moving average price is $9.43 and its 200-day moving average price is $10.39. The stock has a market capitalization of $113.75 million, a P/E ratio of 47.18 and a beta of 1.14.

DLH (NASDAQ:DLHC) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). DLH had a net margin of 0.62% and a return on equity of 7.03%. The business had revenue of $100.69 million for the quarter, compared to the consensus estimate of $103.00 million. During the same quarter in the prior year, the business posted $0.12 earnings per share. As a group, equities research analysts expect that DLH Holdings Corp. will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On DLH

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of DLH by 0.7% during the first quarter. Vanguard Group Inc. now owns 507,623 shares of the business services provider’s stock valued at $6,736,000 after purchasing an additional 3,627 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in DLH by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock valued at $2,469,000 after acquiring an additional 45,915 shares in the last quarter. Essex Investment Management Co. LLC boosted its stake in DLH by 1.4% in the first quarter. Essex Investment Management Co. LLC now owns 98,622 shares of the business services provider’s stock valued at $1,309,000 after acquiring an additional 1,364 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in DLH in the second quarter valued at approximately $1,013,000. Finally, Albert D Mason Inc. boosted its stake in DLH by 1.5% in the third quarter. Albert D Mason Inc. now owns 93,559 shares of the business services provider’s stock valued at $876,000 after acquiring an additional 1,403 shares in the last quarter. 67.25% of the stock is currently owned by institutional investors.

DLH Company Profile

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).