Dye & Durham (TSE:DND) Hits New 52-Week Low – What’s Next?

Dye & Durham Limited (TSE:DND) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$4.05 and last traded at C$4.07, with a volume of 662769 shares traded. The stock had previously closed at C$4.79.

Analyst Ratings Changes

Several research firms have recently commented on DND. Cibc World Mkts cut shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Scotiabank lifted their target price on Dye & Durham from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Raymond James Financial cut their price target on Dye & Durham from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 16th. CIBC downgraded shares of Dye & Durham from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$16.00 to C$8.50 in a research report on Friday, October 3rd. Finally, Cormark reduced their target price on shares of Dye & Durham from C$17.00 to C$15.00 in a research note on Thursday, September 18th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$16.43.

Dye & Durham Stock Down 20.3%

The company has a market cap of C$256.70 million, a price-to-earnings ratio of -1.57 and a beta of 2.48. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35. The firm’s fifty day moving average price is C$7.16 and its 200-day moving average price is C$8.95.

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.