Dye & Durham (TSE:DND) Reaches New 12-Month Low – Here’s What Happened

Dye & Durham Limited (TSE:DND)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as C$2.27 and last traded at C$2.31, with a volume of 94625 shares. The stock had previously closed at C$2.36.

Wall Street Analyst Weigh In

Separately, Raymond James Financial cut their price target on shares of Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Dye & Durham currently has an average rating of “Hold” and an average price target of C$10.80.

Dye & Durham Stock Performance

The company has a debt-to-equity ratio of 484.73, a quick ratio of 1.98 and a current ratio of 0.45. The stock’s fifty day moving average price is C$3.41 and its 200-day moving average price is C$3.80. The company has a market capitalization of C$152.50 million, a P/E ratio of -6.49 and a beta of 2.95.

Dye & Durham (TSE:DND) last issued its earnings results on Friday, May 15th. The company reported C$0.98 earnings per share (EPS) for the quarter. The company had revenue of C$91.18 million for the quarter. Dye & Durham had a negative net margin of 5.92% and a negative return on equity of 9.67%. As a group, research analysts anticipate that Dye & Durham Limited will post 0.1121051 EPS for the current fiscal year.

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.