Dye & Durham (TSE:DND) Stock Price Down 11.2% – Time to Sell?

Shares of Dye & Durham Limited (TSE:DND) were down 11.2% on Wednesday. The company traded as low as C$0.94 and last traded at C$1.03. 994,061 shares were traded during trading, an increase of 240% from the average session volume of 292,685 shares. The stock had previously closed at C$1.16.

Analysts Set New Price Targets

Separately, Raymond James Financial decreased their target price on Dye & Durham from C$4.00 to C$1.75 and set a “market perform” rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Dye & Durham presently has an average rating of “Hold” and a consensus target price of C$3.12.

Dye & Durham Trading Down 1.0%

The stock has a 50 day moving average of C$0.78 and a 200 day moving average of C$2.09. The company has a debt-to-equity ratio of 463.63, a current ratio of 0.53 and a quick ratio of 1.98. The firm has a market cap of C$66.51 million, a P/E ratio of -1.74 and a beta of 3.01.

Dye & Durham (TSE:DND) last issued its quarterly earnings results on Tuesday, September 29th. The company reported C($0.32) earnings per share (EPS) for the quarter. Dye & Durham had a negative return on equity of 5.58% and a negative net margin of 3.40%.The firm had revenue of C$104.17 million for the quarter. As a group, equities research analysts predict that Dye & Durham Limited will post 0.1121051 EPS for the current year.

Dye & Durham Company Profile

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.