Dye & Durham (TSE:DND) Sets New 52-Week Low – Time to Sell?

Dye & Durham Limited (TSE:DND) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$10.25 and last traded at C$10.67, with a volume of 151460 shares traded. The stock had previously closed at C$10.71.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Scotiabank decreased their price target on Dye & Durham from C$25.00 to C$20.00 in a research report on Friday, February 14th. Canaccord Genuity Group decreased their target price on shares of Dye & Durham from C$27.50 to C$23.00 in a report on Friday, February 14th. CIBC cut their price target on shares of Dye & Durham from C$30.00 to C$25.00 in a report on Friday, February 14th. BMO Capital Markets decreased their price objective on shares of Dye & Durham from C$22.00 to C$20.00 in a research note on Friday, February 14th. Finally, Cormark cut Dye & Durham from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$22.50.

Dye & Durham Stock Performance

The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32. The firm has a market cap of C$622.56 million, a P/E ratio of -3.65 and a beta of 2.09. The company’s 50 day moving average is C$12.90 and its 200 day moving average is C$15.93.

Insider Activity

In other news, insider Plantro Ltd. sold 1,778,900 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of C$15.16, for a total transaction of C$26,967,768.22. 25.60% of the stock is owned by corporate insiders.

About Dye & Durham

Dye & Durham Ltd is engaged in providing cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. The company has business operations in Canada and the United Kingdom. The customers include law firms, financial service institutions, and government organizations.