Dye & Durham (TSE:DND) Director Alan Roy Hibben Purchases 50,000 Shares

Dye & Durham Limited (TSE:DND) Director Alan Roy Hibben acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were bought at an average price of C$3.45 per share, with a total value of C$172,500.00. Following the acquisition, the director directly owned 50,000 shares in the company, valued at C$172,500. This represents a ∞ increase in their ownership of the stock.

Dye & Durham Trading Down 4.4%

Dye & Durham stock traded down C$0.23 during trading hours on Friday, hitting C$5.00. The company had a trading volume of 204,169 shares, compared to its average volume of 419,909. The company has a debt-to-equity ratio of 726.94, a quick ratio of 1.98 and a current ratio of 0.68. The firm has a market cap of C$335.86 million, a P/E ratio of -2.99 and a beta of 2.58. The company has a 50-day moving average price of C$4.11 and a two-hundred day moving average price of C$5.59. Dye & Durham Limited has a 1 year low of C$2.63 and a 1 year high of C$13.79.

Dye & Durham (TSE:DND) last issued its earnings results on Monday, February 16th. The company reported C($0.32) EPS for the quarter. Dye & Durham had a negative return on equity of 43.96% and a negative net margin of 26.66%.The company had revenue of C$107.02 million for the quarter. On average, sell-side analysts anticipate that Dye & Durham Limited will post 0.1121051 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DND. Canadian Imperial Bank of Commerce decreased 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 Dye & Durham from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$13.50.

Dye & Durham Company Profile

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.