Dye & Durham (TSE:DND) Stock Price Up 11.8% – Here’s What Happened

Shares of Dye & Durham Limited (TSE:DND) rose 11.8% during mid-day trading on Monday . The stock traded as high as C$0.77 and last traded at C$0.76. Approximately 197,472 shares changed hands during trading, a decline of 25% from the average session volume of 262,577 shares. The stock had previously closed at C$0.68.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial lowered their target price 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, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$7.83.

Dye & Durham Stock Up 13.2%

The company has a market cap of C$51.73 million, a PE ratio of -2.20 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’s fifty day simple moving average is C$1.09 and its 200-day simple moving average is C$2.68.

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.