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

by · The Markets Daily

DHI Group (NYSE:DHX – Get Free Report) announced that its board has authorized a stock buyback plan on Tuesday, January 21st, RTT News reports. The company plans to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 4.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barrington Research reiterated an “outperform” rating and issued a $7.00 price objective on shares of DHI Group in a research report on Thursday, November 21st. B. Riley reduced their price target on shares of DHI Group from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Wednesday, November 13th.

Read Our Latest Report on DHX

DHI Group Price Performance

Shares of NYSE:DHX traded up $0.08 on Tuesday, hitting $2.35. The company had a trading volume of 78,378 shares, compared to its average volume of 213,898. The company has a market cap of $113.58 million, a PE ratio of 58.76 and a beta of 1.07. The business has a 50 day moving average of $1.88 and a 200 day moving average of $1.85. DHI Group has a 52-week low of $1.45 and a 52-week high of $2.98. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.29.

DHI Group Company Profile

(Get Free Report)

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.

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