Dye & Durham (TSE:DND) Shares Up 10.5% – Time to Buy?

Shares of Dye & Durham Limited (TSE:DND) were up 10.5% on Tuesday. The company traded as high as C$1.75 and last traded at C$1.69. Approximately 579,638 shares were traded during mid-day trading, an increase of 56% from the average daily volume of 371,880 shares. The stock had previously closed at C$1.53.

Wall Street Analysts Forecast Growth

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

Dye & Durham Price Performance

The stock has a market capitalization of C$108.83 million, a P/E ratio of -2.84 and a beta of 2.45. The business’s 50 day simple moving average is C$0.93 and its two-hundred day simple moving average is C$1.86. The company has a quick ratio of 1.98, a current ratio of 0.53 and a debt-to-equity ratio of 463.63.

Dye & Durham (TSE:DND) last issued its quarterly earnings data on Tuesday, September 29th. The company reported C($0.32) EPS for the quarter. Dye & Durham had a negative return on equity of 5.58% and a negative net margin of 3.40%. The company had revenue of C$104.17 million for the quarter. As a group, sell-side analysts forecast that Dye & Durham Limited will post 0.11 earnings per share for the current fiscal year.

About Dye & Durham

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, Australia, and South Africa.