Dye & Durham (TSE:DND) Shares Down 3% – Here’s What Happened

Dye & Durham Limited (TSE:DND) traded down 3% on Monday . The company traded as low as C$3.82 and last traded at C$3.94. 123,789 shares were traded during trading, a decline of 57% from the average session volume of 285,796 shares. The stock had previously closed at C$4.06.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce dropped their price target on Dye & Durham from C$8.50 to C$4.50 in a report on Monday, December 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Dye & Durham presently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.50.

Dye & Durham Price Performance

The firm has a market capitalization of C$264.66 million, a price-to-earnings ratio of -2.36 and a beta of 2.58. The company’s 50 day moving average is C$4.20 and its 200 day moving average is C$4.82. 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 (TSE:DND) last issued its quarterly earnings data on Monday, February 16th. The company reported C($0.32) earnings per share for the quarter. The business had revenue of C$107.02 million during the quarter. Dye & Durham had a negative return on equity of 43.96% and a negative net margin of 26.66%. On average, equities research analysts anticipate that Dye & Durham Limited will post 0.1121051 earnings per share for the current fiscal year.

Insider Activity at Dye & Durham

In other Dye & Durham news, insider Plantro Ltd. purchased 714,600 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was bought at an average cost of C$4.15 per share, for a total transaction of C$2,965,590.00. Following the completion of the transaction, the insider owned 8,717,510 shares in the company, valued at approximately C$36,177,666.50. This represents a 8.93% increase in their ownership of the stock. Also, Director Alan Roy Hibben purchased 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was bought at an average price of C$3.45 per share, with a total value of C$172,500.00. Following the completion of the purchase, the director owned 50,000 shares of the company’s stock, valued at C$172,500. This trade represents a ∞ increase in their position. Insiders have bought 1,393,000 shares of company stock worth $5,469,454 over the last ninety days. Insiders own 25.60% of the company’s stock.

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.