DHI Group (NYSE:DHX) Initiates Share Buyback Program

DHI Group (NYSE:DHX) declared that its board has approved a share repurchase plan on Tuesday, January 21st, RTT News reports. The company plans to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 4.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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

DHI Group Stock Performance

Shares of DHX stock traded up $0.08 during trading hours on Tuesday, hitting $2.35. The stock had a trading volume of 78,378 shares, compared to its average volume of 213,898. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market capitalization of $113.58 million, a PE ratio of 58.76 and a beta of 1.07. The stock’s 50 day moving average is $1.88 and its 200 day moving average is $1.85. DHI Group has a twelve month low of $1.45 and a twelve month high of $2.98.

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.