Dye & Durham (TSE:DND) Sets New 12-Month Low – What’s Next?

Dye & Durham Limited (TSE:DND) hit a new 52-week low during trading on Tuesday . The company traded as low as C$1.35 and last traded at C$1.38, with a volume of 619280 shares trading hands. The stock had previously closed at C$1.51.

Wall Street Analyst Weigh In

Separately, Raymond James Financial lowered their price target on shares of 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. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$10.80.

Dye & Durham Stock Performance

The company has a current ratio of 0.45, a quick ratio of 1.98 and a debt-to-equity ratio of 484.73. The stock has a fifty day moving average price of C$2.72 and a 200-day moving average price of C$3.65. The firm has a market capitalization of C$92.71 million, a price-to-earnings ratio of -3.94 and a beta of 2.95.

Dye & Durham (TSE:DND) last posted its earnings results on Friday, May 15th. The company reported C$0.98 EPS for the quarter. The business had revenue of C$91.18 million during the quarter. Dye & Durham had a negative return on equity of 9.67% and a negative net margin of 5.92%. As a group, analysts anticipate that Dye & Durham Limited will post 0.1121051 earnings per share for the current fiscal 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.