Dye & Durham (TSE:DND) Shares Down 9.9% – Time to Sell?

Dye & Durham Limited (TSE:DND) was down 9.9% on Thursday . The company traded as low as C$1.40 and last traded at C$1.45. 301,881 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 237,228 shares. The stock had previously closed at C$1.61.

Analyst Ratings Changes

Separately, Raymond James Financial reduced their price objective on Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating for the company in a research report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$10.80.

Dye & Durham Stock Performance

The stock has a market cap of C$94.05 million, a P/E ratio of -4.00 and a beta of 2.95. The firm’s 50-day moving average is C$2.77 and its two-hundred day moving average is C$3.67. 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 (TSE:DND) last posted its earnings results on Friday, May 15th. The company reported C$0.98 earnings per share (EPS) for the quarter. Dye & Durham had a negative net margin of 5.92% and a negative return on equity of 9.67%. The firm had revenue of C$91.18 million during the quarter. As a group, research analysts expect that Dye & Durham Limited 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.