Dye & Durham (TSE:DND) Shares Climb 10.5% – Time to Buy?

Dye & Durham Limited (TSE:DND) shares were up 10.5% during mid-day trading on Tuesday. The stock traded as high as C$1.75 and last traded at C$1.69. 579,638 shares traded hands during mid-day trading, an increase of 56% from the average daily volume of 371,880 shares. The stock had previously closed at C$1.53.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial dropped their price objective on Dye & Durham from C$4.00 to C$1.75 and set a “market perform” rating for the company in a research report on Thursday, October 1st. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, Dye & Durham currently has an average rating of “Hold” and an average price target of C$3.12.

Dye & Durham Price Performance

The business has a 50-day moving average of C$0.93 and a two-hundred day moving average of C$1.86. The company has a current ratio of 0.53, a quick ratio of 1.98 and a debt-to-equity ratio of 463.63. The firm has a market cap of C$108.83 million, a P/E ratio of -2.84 and a beta of 2.45.

Dye & Durham (TSE:DND) last released 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 net margin of 3.40% and a negative return on equity of 5.58%. The business had revenue of C$104.17 million for the quarter. On average, sell-side analysts anticipate that Dye & Durham Limited will post 0.11 earnings per share for the current fiscal year.

About Dye & Durham

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, Australia, and South Africa.