Dye & Durham (TSE:DND) Insider Plantro Ltd. Acquires 714,600 Shares

Dye & Durham Limited (TSE:DND) insider Plantro Ltd. purchased 714,600 shares of the stock in a transaction on Tuesday, February 10th. The shares were purchased at an average price of C$4.15 per share, with a total value of C$2,965,590.00. Following the acquisition, the insider owned 8,717,510 shares in the company, valued at approximately C$36,177,666.50. The trade was a 8.93% increase in their position.

Plantro Ltd. also recently made the following trade(s):

• On Monday, February 9th, Plantro Ltd. purchased 628,400 shares of Dye & Durham stock. The stock was purchased at an average price of C$3.71 per share, for a total transaction of C$2,331,364.00.

Dye & Durham Trading Up 2.4%

TSE:DND opened at C$3.86 on Thursday. Dye & Durham Limited has a 52 week low of C$2.63 and a 52 week high of C$17.31. 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’s fifty day moving average is C$4.10 and its 200-day moving average is C$6.34. The firm has a market cap of C$259.28 million, a P/E ratio of -2.34 and a beta of 2.76.

Dye & Durham (TSE:DND) last announced its earnings results on Saturday, January 31st. The company reported C($0.58) earnings per share for the quarter. The firm had revenue of C$91.78 million for the quarter. Dye & Durham had a negative return on equity of 40.98% and a negative net margin of 37.25%. Equities analysts expect that Dye & Durham Limited will post 0.1121051 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DND shares. Canadian Imperial Bank of Commerce cut their target price on Dye & Durham from C$8.50 to C$4.50 in a research report on Monday, December 15th. BMO Capital Markets downgraded shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$13.50.

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.