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

Shares of DLH Holdings Corp. (NASDAQ:DLHC) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 Price Performance

The company has a market cap of $113.75 million, a P/E ratio of 47.18 and a beta of 1.14. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s fifty day moving average is $9.43 and its two-hundred day moving average is $10.39.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DLHC. Vanguard Group Inc. raised its position in DLH by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 507,623 shares of the business services provider’s stock worth $6,736,000 after purchasing an additional 3,627 shares during the period. Dimensional Fund Advisors LP raised its position in DLH by 24.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock worth $2,469,000 after purchasing an additional 45,915 shares during the period. Essex Investment Management Co. LLC raised its position in DLH by 1.4% in the 1st quarter. Essex Investment Management Co. LLC now owns 98,622 shares of the business services provider’s stock worth $1,309,000 after purchasing an additional 1,364 shares during the period. Victory Capital Management Inc. purchased a new stake in DLH in the 2nd quarter worth about $1,013,000. Finally, Albert D Mason Inc. grew its stake in DLH by 1.5% in the 3rd quarter. Albert D Mason Inc. now owns 93,559 shares of the business services provider’s stock worth $876,000 after acquiring an additional 1,403 shares in the last quarter. Institutional investors own 67.25% of the company’s stock.

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).