Dye & Durham (TSE:DND) Reaches New 12-Month Low – Here’s What Happened

Shares of Dye & Durham Limited (TSE:DND) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$2.27 and last traded at C$2.31, with a volume of 94625 shares changing hands. The stock had previously closed at C$2.36.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial decreased their price target on shares of Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$10.80.

Dye & Durham Stock Performance

The firm has a market cap of C$152.50 million, a price-to-earnings ratio of -6.49 and a beta of 2.95. The stock’s 50 day moving average is C$3.41 and its 200 day moving average is C$3.80. The company has a current ratio of 0.45, a quick ratio of 1.98 and a debt-to-equity ratio of 484.73.

Dye & Durham (TSE:DND) last announced its quarterly earnings results on Friday, May 15th. The company reported C$0.98 EPS for the quarter. The business had revenue of C$91.18 million for the quarter. Dye & Durham had a negative net margin of 5.92% and a negative return on equity of 9.67%. Analysts anticipate 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.