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

Dye & Durham Limited (TSE:DND)’s stock price reached a new 52-week low on Monday . The company traded as low as C$0.68 and last traded at C$0.70, with a volume of 198347 shares trading hands. The stock had previously closed at C$0.73.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial decreased their target price 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. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$7.83.

Dye & Durham Stock Performance

The company has a market cap of C$47.03 million, a PE ratio of -2.00 and a beta of 3.01. 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 business has a fifty day moving average of C$0.94 and a 200-day moving average of C$2.47.

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.