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

Dye & Durham Limited (TSE:DND)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as C$1.35 and last traded at C$1.38, with a volume of 619280 shares changing hands. The stock had previously closed at C$1.51.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial dropped their price target 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 research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$10.80.

Dye & Durham Stock Performance

The firm’s fifty day moving average price is C$2.72 and its 200-day moving average price is C$3.65. The company has a market cap of C$92.71 million, a P/E ratio of -3.94 and a beta of 2.95. The company has a current ratio of 0.45, a quick ratio of 1.98 and a debt-to-equity ratio of 484.73.

Dye & Durham (TSE:DND) last released its earnings results on Friday, May 15th. The company reported C$0.98 earnings per share for the quarter. Dye & Durham had a negative net margin of 5.92% and a negative return on equity of 9.67%. The business had revenue of C$91.18 million during the quarter. As a group, research analysts forecast 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.