DHI Group (NYSE:DHX) Announces Share Buyback Plan

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

DHI Group Trading Up 3.5 %

NYSE DHX opened at $2.35 on Wednesday. DHI Group has a one year low of $1.45 and a one year high of $2.98. The company’s 50 day moving average price is $1.88 and its 200 day moving average price is $1.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market capitalization of $113.58 million, a price-to-earnings ratio of 58.76 and a beta of 1.07.

Analyst Ratings Changes

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

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.