Dye & Durham (TSE:DND) Trading 6.4% Higher – Here’s Why

Dye & Durham Limited (TSE:DND)’s stock price was up 6.4% during trading on Thursday . The company traded as high as C$4.04 and last traded at C$4.01. Approximately 78,710 shares were traded during trading, a decline of 69% from the average daily volume of 256,285 shares. The stock had previously closed at C$3.77.

Analyst Upgrades and Downgrades

Separately, Canadian Imperial Bank of Commerce decreased their price target on Dye & Durham from C$8.50 to C$4.50 in a research note on Monday, December 15th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$13.50.

Dye & Durham Stock Performance

The firm has a market capitalization of C$265.33 million, a price-to-earnings ratio of -2.37 and a beta of 2.32. The company has a debt-to-equity ratio of 726.94, a current ratio of 0.68 and a quick ratio of 1.98. The firm has a 50 day moving average price of C$4.16 and a 200-day moving average price of C$4.58.

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

Insider Activity at Dye & Durham

In other news, Director Alan Roy Hibben purchased 50,000 shares of the firm’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, for a total transaction of C$172,500.00. Following the completion of the purchase, the director directly owned 50,000 shares of the company’s stock, valued at C$172,500. The trade was a ∞ increase in their ownership of the stock. Also, insider Plantro Ltd. purchased 714,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was purchased at an average price of C$4.15 per share, with a total value of C$2,965,590.00. Following the purchase, the insider directly owned 8,717,510 shares of the company’s stock, valued at C$36,177,666.50. The trade was a 8.93% increase in their ownership of the stock. In the last ninety days, insiders purchased 1,393,000 shares of company stock worth $5,469,454. 25.60% of the stock is owned by corporate insiders.

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.