DLH (NASDAQ:DLHC) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of DLH Holdings Corp. (NASDAQ:DLHC) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.23 and traded as low as $8.00. DLH shares last traded at $8.25, with a volume of 86,156 shares.

DLH Price Performance

The company has a market capitalization of $116.99 million, a PE ratio of 48.53 and a beta of 1.16. The stock has a 50 day moving average price of $9.03 and a two-hundred day moving average price of $10.23. 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 Trading of DLH

A number of institutional investors have recently added to or reduced their stakes in the business. Minerva Advisors LLC increased its stake 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 worth $5,950,000 after purchasing an additional 123,796 shares during the last quarter. Vanguard Group Inc. boosted its holdings in DLH by 0.7% in the first 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 in the last quarter. Dimensional Fund Advisors LP increased its position in DLH by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock worth $2,469,000 after buying an additional 45,915 shares during the last quarter. State Street Corp raised its holdings in DLH by 3.9% during the third quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock valued at $1,043,000 after buying an additional 4,165 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of DLH in the second quarter worth about $1,013,000. 67.25% of the stock is currently owned by institutional investors and hedge funds.

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).