Dye & Durham (TSE:DND) Sets New 1-Year Low – What’s Next?

Dye & Durham Limited (TSE:DND)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$2.59 and last traded at C$2.68, with a volume of 112917 shares traded. The stock had previously closed at C$2.68.

Wall Street Analyst Weigh In

Separately, Raymond James Financial lowered their target price on shares of Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$10.80.

Dye & Durham Stock Down 2.3%

The firm has a 50 day simple moving average of C$3.48 and a two-hundred day simple moving average of C$3.81. The stock has a market capitalization of C$171.31 million, a P/E ratio of -7.29 and a beta of 2.95. The company has a quick ratio of 1.98, a current ratio of 0.45 and a debt-to-equity ratio of 484.73.

Dye & Durham (TSE:DND) last issued its quarterly earnings results on Friday, May 15th. The company reported C$0.98 earnings per share (EPS) for the quarter. Dye & Durham had a negative return on equity of 9.67% and a negative net margin of 5.92%.The company had revenue of C$91.18 million for the quarter. On average, equities research analysts expect that Dye & Durham Limited will post 0.1121051 earnings per share for the current year.

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.