Plantro Ltd. Buys 628,400 Shares of Dye & Durham (TSE:DND) Stock

Dye & Durham Limited (TSE:DND) insider Plantro Ltd. bought 628,400 shares of Dye & Durham stock in a transaction that occurred on Monday, February 9th. The stock was purchased at an average price of C$3.71 per share, with a total value of C$2,331,364.00. Following the purchase, the insider directly owned 8,002,910 shares in the company, valued at C$29,690,796.10. The trade was a 8.52% increase in their ownership of the stock.

Plantro Ltd. also recently made the following trade(s):

• On Tuesday, February 10th, Plantro Ltd. bought 714,600 shares of Dye & Durham stock. The stock was purchased at an average price of C$4.15 per share, for a total transaction of C$2,965,590.00.

Dye & Durham Stock Performance

DND traded up C$0.13 during trading on Wednesday, reaching C$3.90. 233,591 shares of the company’s stock were exchanged, compared to its average volume of 844,090. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98. Dye & Durham Limited has a 1 year low of C$2.63 and a 1 year high of C$17.31. The company’s fifty day simple moving average is C$4.08 and its 200-day simple moving average is C$6.35. The stock has a market capitalization of C$261.97 million, a P/E ratio of -2.36 and a beta of 2.76.

Dye & Durham (TSE:DND) last released its quarterly earnings data on Saturday, January 31st. The company reported C($0.58) earnings per share for the quarter. The business had revenue of C$91.78 million during the quarter. Dye & Durham had a negative return on equity of 40.98% and a negative net margin of 37.25%. As a group, research analysts predict that Dye & Durham Limited will post 0.1121051 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DND shares. BMO Capital Markets lowered shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Canadian Imperial Bank of Commerce lowered their price target on Dye & Durham from C$8.50 to C$4.50 in a research report on Monday, December 15th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$13.50.

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.