Dye & Durham (TSE:DND) Sets New 1-Year Low – What’s Next?

Shares of Dye & Durham Limited (TSE:DND) reached a new 52-week low on Monday . The stock traded as low as C$1.35 and last traded at C$1.35, with a volume of 110737 shares traded. The stock had previously closed at C$1.38.

Analyst Ratings Changes

Separately, Raymond James Financial reduced 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 report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Dye & Durham presently has a consensus rating of “Hold” and an average target price of C$10.80.

Dye & Durham Price Performance

The company has a current ratio of 0.45, a quick ratio of 1.98 and a debt-to-equity ratio of 484.73. The firm has a market cap of C$90.70 million, a P/E ratio of -3.86 and a beta of 3.01. The business has a 50-day moving average of C$2.50 and a two-hundred day moving average of C$3.57.

Dye & Durham (TSE:DND) last announced its quarterly earnings results on Friday, May 15th. The company reported C$0.98 EPS for the quarter. Dye & Durham had a negative return on equity of 9.67% and a negative net margin of 5.92%.The firm had revenue of C$91.18 million for the quarter. On average, sell-side analysts anticipate that Dye & Durham Limited will post 0.1121051 earnings per share for the current fiscal year.

Dye & Durham Company Profile

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.