Dye & Durham (TSE:DND) Hits New 1-Year Low – Should You Sell?

Shares of Dye & Durham Limited (TSE:DND) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.72 and last traded at C$0.72, with a volume of 265883 shares changing hands. The stock had previously closed at C$0.78.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial cut their price objective on Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dye & Durham presently has an average rating of “Hold” and an average target price of C$7.83.

Dye & Durham Price Performance

The firm’s 50-day moving average price is C$1.20 and its 200-day moving average price is C$2.81. The company has a market cap of C$49.71 million, a price-to-earnings ratio of -2.11 and a beta of 2.94. The company has a debt-to-equity ratio of 484.73, a current ratio of 0.45 and a quick ratio of 1.98.

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.