Dye & Durham (OTCMKTS:DYNDF) Stock Price Up 12.2% – Still a Buy?

Dye & Durham Limited (OTCMKTS:DYNDF) shares traded up 12.2% on Friday . The company traded as high as $3.2636 and last traded at $3.2420. 15,427 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 22,115 shares. The stock had previously closed at $2.89.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut Dye & Durham from an “outperform” rating to a “market perform” rating in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dye & Durham has an average rating of “Hold”.

Dye & Durham Stock Up 12.2%

The stock has a fifty day moving average of $2.69 and a 200-day moving average of $4.09.

About Dye & Durham

Dye & Durham is a provider of cloud-based software and integrated services tailored to the legal, real estate and corporate sectors. Headquartered in Toronto, Canada, the company delivers a unified platform that automates critical workflows for law firms, notaries, corporations and government agencies. Its offerings include electronic filing, land title and corporate registry services, compliance reporting, and end-to-end transaction support, all accessible via a software-as-a-service model.

Operating across Canada as well as in the United Kingdom and Ireland, Dye & Durham serves thousands of customers spanning solo practitioners to large multinational firms.