Dye & Durham (TSE:DND) Stock Price Down 8.6% – Should You Sell?

Dye & Durham Limited (TSE:DND) fell 8.6% during trading on Monday . The stock traded as low as C$2.81 and last traded at C$3.81. 244,536 shares changed hands during trading, a decline of 30% from the average session volume of 347,818 shares. The stock had previously closed at C$4.17.

Analyst Ratings Changes

A number of brokerages have recently commented on DND. Canadian Imperial Bank of Commerce decreased their price target on shares of Dye & Durham from C$8.50 to C$4.50 in a report on Monday, December 15th. BMO Capital Markets lowered Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$13.50.

Dye & Durham Price Performance

The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35. The business has a fifty day simple moving average of C$4.04 and a two-hundred day simple moving average of C$6.42. The stock has a market cap of C$266.67 million, a PE ratio of -2.41 and a beta of 2.76.

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

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.