Dye & Durham (TSE:DND) Shares Cross Below 50-Day Moving Average – Should You Sell?

Dye & Durham Limited (TSE:DND) crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of C$1.23 and traded as low as C$1.02. Dye & Durham shares last traded at C$1.07, with a volume of 2,931,985 shares traded.

Analysts Set New Price Targets

Separately, Raymond James Financial decreased their price objective on Dye & Durham from C$4.00 to C$1.75 and set a “market perform” rating for the company in a research note on Thursday, October 1st. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Dye & Durham presently has a consensus rating of “Hold” and a consensus target price of C$3.12.

Dye & Durham Stock Down 43.4%

The business’s fifty day moving average price is C$1.23 and its two-hundred day moving average price is C$2.36. The company has a debt-to-equity ratio of 463.63, a quick ratio of 1.98 and a current ratio of 0.53. The firm has a market capitalization of C$71.88 million, a P/E ratio of -1.88 and a beta of 2.12.

Dye & Durham (TSE:DND) last posted its earnings results on Thursday, November 12th. The company reported C($0.16) EPS for the quarter. The firm had revenue of C$94.87 million for the quarter. Dye & Durham had a negative net margin of 3.40% and a negative return on equity of 5.58%. Equities analysts expect that Dye & Durham Limited will post 0.11 earnings per share for the current fiscal year.

Dye & Durham Company Profile

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, Australia, and South Africa.