DHI Group Inc. (DHX) Moves Higher on Volume Spike for February 22

Equities Staff  |

DHI Group Inc. (DHX) traded on unusually high volume on Feb. 22, as the stock gained 3.75% to close at $3.04. On the day, DHI Group Inc. saw 280,088 shares trade hands on 1,114 trades. Considering that the stock averages only a daily volume of 141,842 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $3.25 and $1.25 over the last 52-weeks, its 50-day SMA is now $1.94, and its 200-day SMA $2.01. DHI Group Inc. has a P/B ratio of 1.11. It also has a P/E ratio of 17.1.

DHI Group Inc is an employment services firm specializing in narrowly focused Internet job boards. Mainly through its Dice.com, eFinancialCareers.com, and AllHealthcareJobs.com websites, the firm had about 4 million visitors and nearly 97,000 job postings for which it earned a fee at the beginning of 2010. With a majority of its revenue coming from the technology and financial industries, Dice has looked to expand its reach into the government and healthcare sectors.

Headquartered in New York, NY, DHI Group Inc. has 615 employees and is currently under the leadership of CEO Art Zeile.

For a complete fundamental analysis analysis of DHI Group Inc., check out Equities.com’s Stock Valuation Analysis report for DHX.

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To get more information on DHI Group Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: DHX’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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