Dye & Durham (TSE:DND) Shares Down 19.8% – Should You Sell?

Dye & Durham Limited (TSE:DND) fell 19.8% during trading on Monday. The company traded as low as C$1.49 and last traded at C$1.54. Approximately 1,508,119 shares changed hands during mid-day trading, an increase of 311% from the average session volume of 366,748 shares. The stock had previously closed at C$1.92.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial cut their target price on Dye & Durham from C$4.00 to C$1.75 and set a “market perform” rating on the stock in a report on Thursday, October 1st. Two research analysts have rated the stock with a Hold rating. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$3.12.

Dye & Durham Trading Down 20.3%

The company has a quick ratio of 1.98, a current ratio of 0.53 and a debt-to-equity ratio of 463.63. The company has a 50-day moving average price of C$0.92 and a 200-day moving average price of C$1.88. The company has a market capitalization of C$102.79 million, a price-to-earnings ratio of -2.68 and a beta of 2.45.

Dye & Durham (TSE:DND) last announced its earnings results on Tuesday, September 29th. The company reported C($0.32) earnings per share for the quarter. The business had revenue of C$104.17 million for the quarter. Dye & Durham had a negative net margin of 3.40% and a negative return on equity of 5.58%. Research analysts predict that Dye & Durham Limited will post 0.11 EPS 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.