Dye & Durham (TSE:DND) Trading 11.8% Higher – Time to Buy?

Dye & Durham Limited (TSE:DND)’s stock price traded up 11.8% during mid-day trading on Monday . The company traded as high as C$0.77 and last traded at C$0.76. Approximately 197,472 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 262,577 shares. The stock had previously closed at C$0.68.

Analysts Set New Price Targets

Separately, Raymond James Financial lowered their target price on Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 20th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Dye & Durham presently has a consensus rating of “Hold” and a consensus price target of C$7.83.

Dye & Durham Price Performance

The business’s 50 day moving average is C$1.06 and its two-hundred day moving average is C$2.63. The company has a debt-to-equity ratio of 484.73, a quick ratio of 1.98 and a current ratio of 0.45. The firm has a market capitalization of C$52.40 million, a PE ratio of -2.23 and a beta of 2.94.

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.