Dye & Durham (TSE:DND) Shares Down 8.7% – Should You Sell?

Shares of Dye & Durham Limited (TSE:DND) traded down 8.7% during mid-day trading on Friday . The stock traded as low as C$1.13 and last traded at C$1.15. Approximately 219,422 shares traded hands during trading, a decline of 14% from the average daily volume of 255,985 shares. The stock had previously closed at C$1.26.

Analyst Ratings Changes

Separately, Raymond James Financial dropped their price objective 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. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$9.88.

Dye & Durham Price Performance

The stock’s fifty day moving average price is C$2.31 and its 200-day moving average price is C$3.49. The company has a debt-to-equity ratio of 484.73, a current ratio of 0.45 and a quick ratio of 1.98. The firm has a market cap of C$76.59 million, a price-to-earnings ratio of -3.26 and a beta of 3.01.

Dye & Durham (TSE:DND) last announced its quarterly earnings data on Friday, May 15th. The company reported C$0.98 EPS for the quarter. Dye & Durham had a negative net margin of 5.92% and a negative return on equity of 9.67%. The firm had revenue of C$91.18 million for the quarter. Equities research analysts predict that Dye & Durham Limited will post 0.1121051 EPS for the current fiscal 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.