Stock Buyback Plan Declared by DHI Group (NYSE:DHX)

DHI Group (NYSE:DHX) announced that its board has approved a stock repurchase plan on Thursday, November 6th, RTT News reports. The company plans to repurchase $5.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

DHI Group Price Performance

DHX stock traded down $0.07 during midday trading on Thursday, hitting $1.82. 89,824 shares of the stock were exchanged, compared to its average volume of 174,804. The stock’s 50-day moving average price is $2.49 and its 200-day moving average price is $2.40. The stock has a market cap of $87.14 million, a price-to-earnings ratio of -8.64 and a beta of 1.44. DHI Group has a fifty-two week low of $1.21 and a fifty-two week high of $3.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.42 and a current ratio of 0.42.

Analyst Ratings Changes

Several analysts have recently commented on the company. Zacks Research cut DHI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reissued a “sell (d)” rating on shares of DHI Group in a report on Wednesday, October 8th. Finally, Lake Street Capital cut DHI Group from a “buy” rating to a “hold” rating and set a $3.00 price target for the company. in a report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, DHI Group currently has a consensus rating of “Hold” and a consensus price target of $4.50.

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.