Dye & Durham (TSE:DND) Hits New 52-Week Low – Here’s Why

Dye & Durham Limited (TSE:DND)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$1.66 and last traded at C$1.69, with a volume of 213608 shares trading hands. The stock had previously closed at C$1.82.

Analysts Set New Price Targets

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 for the company in a 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 MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$10.80.

Dye & Durham Stock Down 7.1%

The business has a fifty day simple moving average of C$3.01 and a 200 day simple moving average of C$3.72. The firm has a market cap of C$113.54 million, a price-to-earnings ratio of -4.83 and a beta of 2.95. The company has a debt-to-equity ratio of 484.73, a current ratio of 0.45 and a quick ratio of 1.98.

Dye & Durham (TSE:DND) last released its earnings results on Friday, May 15th. The company reported C$0.98 earnings per share for the quarter. The business had revenue of C$91.18 million for the quarter. Dye & Durham had a negative return on equity of 9.67% and a negative net margin of 5.92%. As a group, equities analysts forecast 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.