Dye & Durham (TSE:DND) Stock Price Target Cut by Raymond James Financial

Dye & Durham (TSE:DND) had its price target lowered by research analysts at Raymond James Financial from C$4.00 to C$1.75 in a report released on Thursday, BayStreet reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s target price indicates a potential upside of 80.41% from the company’s current price.

Dye & Durham Trading Down 3.0%

TSE:DND traded down C$0.03 during trading hours on Thursday, reaching C$0.97. 781,436 shares of the company were exchanged, compared to its average volume of 300,025. The company has a debt-to-equity ratio of 463.63, a current ratio of 0.53 and a quick ratio of 1.98. The firm has a market cap of C$65.17 million, a price-to-earnings ratio of -1.70 and a beta of 3.01. Dye & Durham has a 52-week low of C$0.45 and a 52-week high of C$7.92. The stock has a 50 day simple moving average of C$0.79 and a 200 day simple moving average of C$2.11.

Dye & Durham (TSE:DND) last announced its quarterly earnings results on Tuesday, September 29th. The company reported C($0.32) earnings per share for the quarter. The company had revenue of C$104.17 million during the quarter. Dye & Durham had a negative net margin of 3.40% and a negative return on equity of 5.58%. As a group, analysts predict that Dye & Durham will post 0.1121051 EPS for the current 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.