Dye & Durham (TSE:DND) Hits New 12-Month Low – What’s Next?

Dye & Durham Limited (TSE:DND)’s share price reached a new 52-week low on Thursday . The company traded as low as C$0.72 and last traded at C$0.72, with a volume of 265883 shares. The stock had previously closed at C$0.78.

Analysts Set New Price Targets

Separately, Raymond James Financial cut their price target on Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$7.83.

Dye & Durham Price Performance

The company has a market cap of C$48.37 million, a PE ratio of -2.06 and a beta of 2.94. The company has a quick ratio of 1.98, a current ratio of 0.45 and a debt-to-equity ratio of 484.73. The firm has a 50 day simple moving average of C$1.25 and a 200-day simple moving average of C$2.84.

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.