DHI Group (NYSE:DHX) to Buyback $5.00 million in Stock

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

DHI Group Trading Up 0.6 %

Shares of DHI Group stock opened at $2.36 on Thursday. DHI Group has a 1 year low of $1.45 and a 1 year high of $2.98. The firm has a market capitalization of $113.82 million, a PE ratio of 58.89 and a beta of 1.07. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $1.90 and its 200 day moving average is $1.86.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. 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. B. Riley decreased their price target on DHI Group from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Wednesday, November 13th.

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.