DLH Holdings climbs to near 18-yr high after winning $87 mln FEMA contract

DLH Holdings

23/09/2021 17:50

** Shares of healthcare and social services provider
 DLHC.O  up 12.5% at $13.35, it highest since Nov 2003
    ** Stock snaps three-day losing streak
    ** Co wins a Federal Emergency Management Agency (FEMA)
contract to provide COVID-19 medical countermeasures and
emergency medical services for hospitals, long-term care
facilities, and schools throughout Alaska  urn:newsml:reuters.com:*:nGNXbc3bhX
    ** The contract has a ceiling value of $87 mln for the
90-day base period and provides for three one-month optional
extensions
    ** DLH will manage the emergency medical logistics
coordination for the healthcare services teams fielded by its
subcontractor and place experienced medical support personnel in
communities throughout the state
    ** Only one brokerage covers the stock with a "buy" rating
and PT of $14 - Refinitiv data
    ** As of last close, stock had risen ~27.4% YTD

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))