Dye & Durham (TSE:DND) Hits New 12-Month Low – What’s Next?

Dye & Durham Limited (TSE:DND) hit a new 52-week low on Thursday . The company traded as low as C$0.72 and last traded at C$0.72, with a volume of 265883 shares changing hands. The stock had previously closed at C$0.78.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial dropped their price target on Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 20th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$7.83.

Dye & Durham Stock Down 7.7%

The company has a current ratio of 0.45, a quick ratio of 1.98 and a debt-to-equity ratio of 484.73. The firm has a market cap of C$48.37 million, a PE ratio of -2.06 and a beta of 2.94. The business’s 50-day simple moving average is C$1.25 and its 200 day simple moving average is C$2.84.

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.