Dye & Durham (TSE:DND) Stock Price Down 3% – Time to Sell?

Dye & Durham Limited (TSE:DND)’s share price traded down 3% during mid-day trading on Monday . The stock traded as low as C$3.82 and last traded at C$3.94. 123,789 shares traded hands during trading, a decline of 57% from the average session volume of 285,796 shares. The stock had previously closed at C$4.06.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce lowered their price target on Dye & Durham from C$8.50 to C$4.50 in a research note on Monday, December 15th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Dye & Durham has a consensus rating of “Moderate Buy” and a consensus price target of C$13.50.

Dye & Durham Price Performance

The company has a 50 day moving average of C$4.19 and a 200 day moving average of C$4.77. The company has a current ratio of 0.68, a quick ratio of 1.98 and a debt-to-equity ratio of 726.94. The firm has a market cap of C$261.97 million, a price-to-earnings ratio of -2.34 and a beta of 2.58.

Dye & Durham (TSE:DND) last announced its quarterly earnings results on Monday, February 16th. The company reported C($0.32) earnings per share (EPS) for the quarter. The business had revenue of C$107.02 million during the quarter. Dye & Durham had a negative return on equity of 43.96% and a negative net margin of 26.66%. Equities research analysts predict that Dye & Durham Limited will post 0.1121051 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Plantro Ltd. purchased 714,600 shares of Dye & Durham stock in a transaction dated Tuesday, February 10th. The stock was bought at an average price of C$4.15 per share, for a total transaction of C$2,965,590.00. Following the completion of the acquisition, the insider directly owned 8,717,510 shares of the company’s stock, valued at C$36,177,666.50. This represents a 8.93% increase in their ownership of the stock. Also, Director Alan Roy Hibben acquired 50,000 shares of the stock in a transaction dated Wednesday, February 18th. The shares were bought at an average cost of C$3.45 per share, with a total value of C$172,500.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at C$172,500. This represents a ∞ increase in their ownership of the stock. Over the last three months, insiders have purchased 1,393,000 shares of company stock valued at $5,469,454. 25.60% of the stock is owned by company insiders.

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.