Alan Roy Hibben Acquires 50,000 Shares of Dye & Durham (TSE:DND) Stock

Dye & Durham Limited (TSE:DND) Director Alan Roy Hibben bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was purchased at an average price of C$3.45 per share, for a total transaction of C$172,500.00. Following the completion of the transaction, the director directly owned 50,000 shares of the company’s stock, valued at C$172,500. This represents a ∞ increase in their position.

Dye & Durham Price Performance

TSE DND traded down C$0.23 during trading on Friday, hitting C$5.00. 204,169 shares of the stock traded hands, compared to its average volume of 419,909. The company has a market capitalization of C$335.86 million, a P/E ratio of -2.99 and a beta of 2.58. The firm has a 50-day simple moving average of C$4.11 and a 200-day simple moving average of C$5.59. The company has a quick ratio of 1.98, a current ratio of 0.68 and a debt-to-equity ratio of 726.94. Dye & Durham Limited has a 12-month low of C$2.63 and a 12-month high of C$13.79.

Dye & Durham (TSE:DND) last issued its quarterly earnings data on Monday, February 16th. The company reported C($0.32) earnings per share (EPS) for the quarter. The firm had revenue of C$107.02 million for the quarter. Dye & Durham had a negative return on equity of 43.96% and a negative net margin of 26.66%. As a group, analysts predict that Dye & Durham Limited will post 0.1121051 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce decreased their price target on shares of Dye & Durham from C$8.50 to C$4.50 in a research note on Monday, December 15th. BMO Capital Markets downgraded shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Dye & Durham presently has a consensus rating of “Moderate Buy” and an average target price of C$13.50.

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.