Dye & Durham (TSE:DND) Releases Quarterly Earnings Results

Dye & Durham (TSE:DND) announced its quarterly earnings data on Saturday. The company reported C($0.58) earnings per share for the quarter, FiscalAI reports. The company had revenue of C$91.78 million for the quarter. Dye & Durham had a negative net margin of 37.25% and a negative return on equity of 40.98%.

Dye & Durham Stock Performance

Shares of Dye & Durham stock remained flat at C$4.17 on Friday. The company has a market cap of C$280.10 million, a price-to-earnings ratio of -1.71 and a beta of 3.09. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32. Dye & Durham has a fifty-two week low of C$2.63 and a fifty-two week high of C$21.93. The company’s 50-day moving average price is C$3.94 and its 200 day moving average price is C$6.64.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DND. Cibc World Mkts lowered shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. CIBC cut their price target on shares of Dye & Durham from C$8.50 to C$4.50 in a report on Monday, December 15th. Finally, BMO Capital Markets downgraded Dye & Durham from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$13.50.

Dye & Durham Company Profile

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.