Shares of DLH Holdings Corp. (NASDAQ:DLHC – Get Rating) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.04 and traded as low as $12.45. DLH shares last traded at $12.54, with a volume of 250 shares.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of DLH from a "strong-buy" rating to a "buy" rating in a report on Wednesday, December 7th.
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DLH Trading Down 1.7 %
The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.22. The business's fifty day simple moving average is $13.04 and its two-hundred day simple moving average is $14.48. The company has a market cap of $163.61 million, a price-to-earnings ratio of 7.69 and a beta of 1.41.
Hedge Funds Weigh In On DLH
A number of institutional investors have recently modified their holdings of DLHC. UBS Group AG acquired a new position in shares of DLH in the 2nd quarter valued at $33,000. Victory Capital Management Inc. acquired a new position in shares of DLH in the 2nd quarter valued at $77,000. Denali Advisors LLC increased its holdings in shares of DLH by 16.1% in the 2nd quarter. Denali Advisors LLC now owns 6,500 shares of the business services provider's stock valued at $99,000 after acquiring an additional 900 shares during the period. Trexquant Investment LP acquired a new position in shares of DLH in the 3rd quarter valued at $123,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of DLH by 22.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 13,108 shares of the business services provider's stock valued at $161,000 after acquiring an additional 2,375 shares during the period. 60.34% of the stock is owned by institutional investors and hedge funds.
DLH Company Profile
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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 defense and veteran health solutions, including healthcare, technology, and logistics solutions to the VA, Defense Health Agency, Tele-medicine and Advanced Technology Research Center, Navy Bureau of Medicine and Surgery, and the Army Medical Research and Material Command.
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