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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DHX shares. Barrington Research reissued an “outperform” rating and set a $7.00 price target on shares of DHI Group in a research note on Thursday, November 21st. B. Riley lowered their target price on shares of DHI Group from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Wednesday, November 13th.

DHI Group Trading Up 0.2 %

NYSE:DHX opened at $2.34 on Friday. The stock has a market capitalization of $112.85 million, a price-to-earnings ratio of 58.39 and a beta of 1.07. DHI Group has a 52 week low of $1.45 and a 52 week high of $2.98. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $1.91 and a 200 day moving average of $1.86.

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.