Dye & Durham (TSE:DND) Reaches New 12-Month Low – Here’s What Happened

Shares of Dye & Durham Limited (TSE:DND) reached a new 52-week low on Wednesday . The stock traded as low as C$2.78 and last traded at C$2.85, with a volume of 202292 shares trading hands. The stock had previously closed at C$2.93.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DND. Cormark lowered their price objective on shares of Dye & Durham from C$17.00 to C$15.00 in a research note on Thursday, September 18th. CIBC lowered shares of Dye & Durham from an “outperform” rating to a “neutral” rating and reduced their price target for the company from C$16.00 to C$8.50 in a report on Friday, October 3rd. Cibc World Mkts downgraded shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. BMO Capital Markets lowered shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Finally, Scotiabank upped their target price on Dye & Durham from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$16.43.

Dye & Durham Stock Performance

The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98. The company has a market capitalization of C$214.37 million, a price-to-earnings ratio of -1.31 and a beta of 2.48. The firm has a fifty day simple moving average of C$6.23 and a 200 day simple moving average of C$8.71.

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.