DLH (NASDAQ:DLHC) Share Price Breaks Below 200-Day Moving Average – What’s Next?

DLH Holdings Corp. (NASDAQ:DLHC) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $4.98 and traded as low as $3.59. DLH shares last traded at $3.77, with a volume of 5,127 shares changing hands.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a research note on Thursday, October 15th. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. Finally, Noble Financial restated an “outperform” rating on shares of DLH in a report on Friday, July 31st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

DLH Price Performance

The company’s 50 day moving average is $4.06 and its 200 day moving average is $4.98. The stock has a market cap of $54.63 million, a price-to-earnings ratio of -2.55 and a beta of 1.52. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.67 and a quick ratio of 0.67.

DLH (NASDAQ:DLHC) last issued its quarterly earnings data on Wednesday, July 29th. The business services provider reported ($1.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.99). The company had revenue of $44.23 million for the quarter, compared to analyst estimates of $50.00 million. DLH had a negative return on equity of 10.42% and a negative net margin of 8.51%. Research analysts forecast that DLH Holdings Corp. will post -0.76 earnings per share for the current fiscal year.

Insider Transactions at DLH

In other news, major shareholder Mink Brook Asset Management Ll acquired 199,099 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were bought at an average price of $3.70 per share, for a total transaction of $736,666.30. Following the completion of the purchase, the insider directly owned 893,421 shares of the company’s stock, valued at approximately $3,305,657.70. This trade represents a 28.68% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 226,511 shares of company stock valued at $862,958 over the last three months. 12.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On DLH

An institutional investor recently bought a new position in DLH stock. Bank of New York Mellon Corp purchased a new stake in DLH Holdings Corp. (NASDAQ:DLHC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,738 shares of the business services provider’s stock, valued at approximately $62,000. Bank of New York Mellon Corp owned approximately 0.08% of DLH as of its most recent filing with the SEC. 67.25% of the stock is owned by institutional investors and hedge funds.

About DLH

DLH Holdings Corp. (NASDAQ: DLHC) is a government services contractor that provides healthcare, technology, logistics and human-performance solutions to federal agencies. Through its operating businesses, the company supports mission-critical programs involving healthcare delivery, public health, biomedical research, defense and national security.

DLH’s services include clinical and administrative healthcare support, scientific and technical services, data and information technology solutions, logistics management, and research support.