Dye & Durham (TSE:DND) Hits New 1-Year Low – What’s Next?

Dye & Durham Limited (TSE:DND) reached a new 52-week low on Monday . The stock traded as low as C$1.35 and last traded at C$1.35, with a volume of 110737 shares. The stock had previously closed at C$1.38.

Analyst Ratings Changes

Separately, Raymond James Financial dropped their price objective on shares of Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating for the company in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dye & Durham has an average rating of “Hold” and an average target price of C$10.80.

Dye & Durham Trading Down 2.2%

The business’s 50-day moving average price is C$2.50 and its two-hundred day moving average price is C$3.57. The company has a market capitalization of C$90.70 million, a P/E ratio of -3.86 and a beta of 3.01. 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 quarterly earnings results on Friday, May 15th. The company reported C$0.98 earnings per share (EPS) for the quarter. Dye & Durham had a negative return on equity of 9.67% and a negative net margin of 5.92%.The firm had revenue of C$91.18 million for the quarter. As a group, analysts forecast that Dye & Durham Limited will post 0.1121051 EPS for the current fiscal year.

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.