DLH (NASDAQ:DLHC) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

DLH Holdings Corp. (NASDAQ:DLHC) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.33 and traded as low as $9.15. DLH shares last traded at $9.19, with a volume of 49,699 shares.

DLH Stock Down 1.2 %

The stock has a fifty day moving average price of $9.22 and a two-hundred day moving average price of $10.31. The firm has a market capitalization of $128.75 million, a P/E ratio of 53.41 and a beta of 1.16. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.05 and a current ratio of 1.05.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DLHC. Minerva Advisors LLC grew its position in shares of DLH by 24.2% during the 3rd quarter. Minerva Advisors LLC now owns 636,377 shares of the business services provider’s stock valued at $5,950,000 after buying an additional 123,796 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of DLH during the second quarter valued at approximately $1,013,000. Dimensional Fund Advisors LP raised its position in shares of DLH by 24.4% during 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. Squarepoint Ops LLC bought a new stake in shares of DLH in the 2nd quarter worth approximately $367,000. Finally, Quadrature Capital Ltd acquired a new position in DLH during the 1st quarter valued at approximately $328,000. 67.25% of the stock is currently owned by institutional investors.

About DLH

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).