Dye & Durham (TSE:DND) Stock Price Down 1.3% – Time to Sell?

Shares of Dye & Durham Limited (TSE:DND) were down 1.3% on Wednesday . The stock traded as low as C$0.77 and last traded at C$0.78. Approximately 201,475 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 267,626 shares. The stock had previously closed at C$0.79.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial reduced their price target on 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. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$7.83.

Dye & Durham Price Performance

The company’s 50-day simple moving average is C$1.25 and its 200 day simple moving average is C$2.84. The company has a market capitalization of C$52.40 million, a P/E ratio of -2.23 and a beta of 2.94. The company has a quick ratio of 1.98, a current ratio of 0.45 and a debt-to-equity ratio of 484.73.

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.