Dye & Durham (TSE:DND) Reaches New 12-Month High – Here’s Why

Dye & Durham Limited (TSE:DND)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$21.00 and last traded at C$20.50, with a volume of 169229 shares trading hands. The stock had previously closed at C$18.50.

Analysts Set New Price Targets

Several analysts recently weighed in on DND shares. BMO Capital Markets increased their price target on Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. CIBC raised their target price on shares of Dye & Durham from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$22.08.

Dye & Durham Stock Down 4.4 %

The stock has a market cap of C$1.32 billion, a P/E ratio of -6.76 and a beta of 2.09. The company’s 50 day moving average price is C$17.15 and its two-hundred day moving average price is C$14.48. The company has a quick ratio of 1.98, a current ratio of 1.00 and a debt-to-equity ratio of 402.18.

Dye & Durham (TSE:DND) last issued its earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share for the quarter. The firm had revenue of C$119.93 million during the quarter, compared to analysts’ expectations of C$120.30 million. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. As a group, research analysts expect that Dye & Durham Limited will post 0.1121051 earnings per share for the current year.

Dye & Durham Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a dividend of $0.019 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.39%. Dye & Durham’s dividend payout ratio is presently -2.73%.

Dye & Durham Company Profile

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.