Dye & Durham (TSE:DND) Reaches New 52-Week Low – Should You Sell?

Dye & Durham Limited (TSE:DND) reached a new 52-week low on Friday . The company traded as low as C$0.68 and last traded at C$0.69, with a volume of 180877 shares changing hands. The stock had previously closed at C$0.72.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial cut their target price on Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating for the company in a research report on Wednesday, May 20th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$7.83.

Dye & Durham Stock Down 5.6%

The firm has a market cap of C$45.68 million, a price-to-earnings ratio of -1.94 and a beta of 2.94. The business’s 50-day moving average is C$1.09 and its 200-day moving average is C$2.69. The company has a debt-to-equity ratio of 484.73, a quick ratio of 1.98 and a current ratio of 0.45.

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.