Dye & Durham (TSE:DND) Shares Up 24.1% – What’s Next?

Dye & Durham Limited (TSE:DND)’s stock price was up 24.1% on Monday . The company traded as high as C$3.47 and last traded at C$3.45. Approximately 1,160,013 shares traded hands during mid-day trading, an increase of 258% from the average daily volume of 323,718 shares. The stock had previously closed at C$2.78.

Analysts Set New Price Targets

Several research analysts recently issued reports on DND shares. BMO Capital Markets lowered shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. CIBC cut shares of Dye & Durham from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from C$16.00 to C$8.50 in a report on Friday, October 3rd. Cibc World Mkts lowered shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Cormark dropped their price target on Dye & Durham from C$17.00 to C$15.00 in a research report on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$14.17.

Dye & Durham Trading Up 36.7%

The stock’s 50 day moving average is C$4.96 and its 200-day moving average is C$8.22. The company has a market cap of C$255.36 million, a P/E ratio of -1.56 and a beta of 2.46. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35.

Dye & Durham Company Profile

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.