Dye & Durham (TSE:DND) Stock Price Down 1.4%

Shares of Dye & Durham Limited (TSE:DND) dropped 1.4% during trading on Friday . The stock traded as low as C$14.55 and last traded at C$14.55. Approximately 35,338 shares traded hands during trading, a decline of 82% from the average daily volume of 195,499 shares. The stock had previously closed at C$14.75.

Analyst Upgrades and Downgrades

DND has been the subject of several research reports. Scotiabank set a C$24.00 price target on shares of Dye & Durham and gave the stock an “outperform” rating in a report on Friday, April 12th. Raymond James raised their price target on shares of Dye & Durham from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. CIBC decreased their price target on shares of Dye & Durham from C$21.50 to C$21.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. Canaccord Genuity Group decreased their price target on shares of Dye & Durham from C$30.00 to C$25.00 and set a “buy” rating for the company in a report on Monday, February 12th. Finally, Cormark reduced their target price on shares of Dye & Durham from C$24.00 to C$23.00 in a research note on Wednesday, February 14th.

Dye & Durham Trading Down 1.4 %

The company’s fifty day moving average is C$14.89 and its 200-day moving average is C$13.43. The company has a current ratio of 0.89, a quick ratio of 1.98 and a debt-to-equity ratio of 342.22. The firm has a market capitalization of C$973.25 million, a P/E ratio of -4.92 and a beta of 2.16.

Dye & Durham (TSE:DND) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C$0.11 earnings per share for the quarter. Dye & Durham had a negative return on equity of 35.81% and a negative net margin of 37.99%. The business had revenue of C$110.18 million during the quarter, compared to analysts’ expectations of C$108.20 million. As a group, sell-side analysts anticipate that Dye & Durham Limited will post 0.1101028 earnings per share for the current fiscal year.

Dye & Durham Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.019 per share. The ex-dividend date was Tuesday, February 20th. This represents a $0.08 annualized dividend and a dividend yield of 0.52%. Dye & Durham’s payout ratio is -2.70%.

Insider Activity

In other news, insider Plantro Ltd. bought 1,074,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average cost of C$12.10 per share, with a total value of C$13,001,450.00. 25.61% of the stock is owned by company insiders.

Dye & Durham Company Profile

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.