Dye & Durham (TSE:DND) Sets New 12-Month Low – What’s Next?

Dye & Durham Limited (TSE:DND)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$1.35 and last traded at C$1.35, with a volume of 110737 shares trading hands. The stock had previously closed at C$1.38.

Analysts Set New Price Targets

Separately, Raymond James Financial cut 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 research report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$10.80.

Dye & Durham Stock Down 12.6%

The company has a market capitalization of C$79.27 million, a price-to-earnings ratio of -3.37 and a beta of 3.01. The company has a current ratio of 0.45, a quick ratio of 1.98 and a debt-to-equity ratio of 484.73. The firm’s 50 day simple moving average is C$2.40 and its 200-day simple moving average is C$3.53.

Dye & Durham (TSE:DND) last issued its earnings results on Friday, May 15th. The company reported C$0.98 earnings per share for the quarter. The business had revenue of C$91.18 million for the quarter. Dye & Durham had a negative net margin of 5.92% and a negative return on equity of 9.67%. On average, sell-side analysts anticipate that Dye & Durham Limited will post 0.1121051 EPS for the current fiscal 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.