DLH (NASDAQ:DLHC) Stock Crosses Below 50-Day Moving Average of $4.30

DLH Holdings Corp (NASDAQ:DLHC) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.30 and traded as low as $4.13. DLH shares last traded at $4.17, with a volume of 800 shares traded.

Several equities analysts recently weighed in on DLHC shares. ValuEngine upgraded DLH from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Zacks Investment Research downgraded DLH from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.

The business has a fifty day moving average price of $4.30 and a 200 day moving average price of $4.86. The company has a market capitalization of $51.03 million, a PE ratio of 10.43 and a beta of 0.92. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.16 and a current ratio of 1.16.

Institutional investors have recently added to or reduced their stakes in the company. James Investment Research Inc. raised its holdings in shares of DLH by 25.6% in the 2nd quarter. James Investment Research Inc. now owns 9,800 shares of the business services provider’s stock worth $50,000 after purchasing an additional 2,000 shares during the period. Marshall Wace LLP purchased a new position in shares of DLH in the 1st quarter worth about $59,000. Bailard Inc. raised its holdings in shares of DLH by 7.5% in the 3rd quarter. Bailard Inc. now owns 34,950 shares of the business services provider’s stock worth $158,000 after purchasing an additional 2,450 shares during the period. Acadian Asset Management LLC raised its holdings in shares of DLH by 90.3% in the 2nd quarter. Acadian Asset Management LLC now owns 30,939 shares of the business services provider’s stock worth $158,000 after purchasing an additional 14,678 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of DLH by 94.6% in the 2nd quarter. BlackRock Inc. now owns 51,987 shares of the business services provider’s stock worth $264,000 after purchasing an additional 25,275 shares during the period. Institutional investors own 59.36% of the company’s stock.

About DLH (NASDAQ:DLHC)

DLH Holdings Corp. provides healthcare and social services in the United States. It offers defense and veterans' health solutions, including case management, physical and behavioral health examinations, and medical administration and logistics services. The company also provides a range of human services and solutions, which consists of educational and environmental support services for the underserved children and youth comprising health, nutritional, parental, and behavioral services; and IT system architecture design, migration plan, and ongoing maintenance services.

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