Dye & Durham (TSE:DND) Stock Falls 4.6% – Time to Sell?

Dye & Durham Limited (TSE:DND) fell 4.6% on Tuesday. The company traded as low as C$1.83 and last traded at C$1.87. 930,989 shares changed hands during trading, an increase of 137% from the average daily volume of 392,404 shares. The stock had previously closed at C$1.96.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial lowered their target price on Dye & Durham from C$4.00 to C$1.75 and set a “market perform” rating for the company in a report on Thursday, October 1st. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$3.12.

Dye & Durham Stock Down 43.4%

The company has a market cap of C$71.88 million, a P/E ratio of -1.88 and a beta of 2.12. The company has a quick ratio of 1.98, a current ratio of 0.53 and a debt-to-equity ratio of 463.63. The business’s 50 day moving average is C$1.23 and its 200 day moving average is C$2.37.

Dye & Durham (TSE:DND) last posted its earnings results on Thursday, November 12th. The company reported C($0.16) earnings per share for the quarter. The company had revenue of C$94.87 million for the quarter. Dye & Durham had a negative return on equity of 5.58% and a negative net margin of 3.40%. As a group, equities analysts anticipate that Dye & Durham Limited will post 0.11 earnings per share for the current fiscal year.

Dye & Durham Company Profile

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, Australia, and South Africa.