Dye & Durham Limited (TSE:DND) Insider Purchases C$270,953.80 in Stock

Dye & Durham Limited (TSE:DND) insider Plantro Ltd. purchased 26,000 shares of Dye & Durham stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of C$10.42 per share, with a total value of C$270,953.80.

Plantro Ltd. also recently made the following trade(s):

• On Monday, May 26th, Plantro Ltd. purchased 85,600 shares of Dye & Durham stock. The stock was bought at an average cost of C$10.13 per share, with a total value of C$867,153.68.
• On Thursday, May 22nd, Plantro Ltd. purchased 125,000 shares of Dye & Durham stock. The stock was bought at an average cost of C$9.50 per share, with a total value of C$1,186,975.00.

Dye & Durham Stock Down 2.3%

DND stock traded down C$0.24 on Wednesday, hitting C$10.09. 64,874 shares of the company’s stock were exchanged, compared to its average volume of 235,605. Dye & Durham Limited has a 12-month low of C$7.85 and a 12-month high of C$22.59. The firm has a 50 day moving average price of C$9.41 and a two-hundred day moving average price of C$13.78. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32. The stock has a market cap of C$702.64 million, a P/E ratio of -4.12 and a beta of 2.09.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DND. BMO Capital Markets reduced their price target on Dye & Durham from C$20.00 to C$16.00 and set an “outperform” rating for the company in a research report on Thursday, May 22nd. Scotiabank reduced their price target on Dye & Durham from C$18.00 to C$14.00 and set an “outperform” rating for the company in a research report on Thursday, May 22nd. Canaccord Genuity Group reduced their price target on Dye & Durham from C$19.00 to C$16.00 and set a “buy” rating for the company in a research report on Thursday, May 22nd. CIBC reduced their price target on Dye & Durham from C$21.00 to C$17.00 and set an “outperform” rating for the company in a research report on Thursday, May 22nd. Finally, Cormark downgraded Dye & Durham from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dye & Durham currently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.42.

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.