Dye & Durham (TSE:DND) Stock Jumps 10.3% – Here’s What Happened

Dye & Durham Limited (TSE:DND)’s stock price shot up 10.3% on Friday. The company traded as high as C$1.40 and last traded at C$1.39. 592,349 shares were traded during trading, an increase of 85% from the average session volume of 320,636 shares. The stock had previously closed at C$1.26.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial cut their price target on Dye & Durham from C$4.00 to C$1.75 and set a “market perform” rating on the stock in a report on Thursday, October 1st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$3.12.

Dye & Durham Trading Up 11.9%

The company has a debt-to-equity ratio of 463.63, a current ratio of 0.53 and a quick ratio of 1.98. The firm has a fifty day simple moving average of C$0.81 and a 200-day simple moving average of C$1.98. The firm has a market cap of C$94.73 million, a P/E ratio of -2.47 and a beta of 2.45.

Dye & Durham (TSE:DND) last issued its earnings results on Tuesday, September 29th. The company reported C($0.32) earnings per share (EPS) for the quarter. The firm had revenue of C$104.17 million during the quarter. Dye & Durham had a negative return on equity of 5.58% and a negative net margin of 3.40%. On average, equities research analysts expect 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.