Dye & Durham (OTCMKTS:DYNDF) Stock Price Up 3.2% – Should You Buy?

Dye & Durham Limited (OTCMKTS:DYNDF)’s stock price traded up 3.2% during mid-day trading on Wednesday . The stock traded as high as $3.20 and last traded at $3.20. 710 shares were traded during trading, a decline of 97% from the average session volume of 23,496 shares. The stock had previously closed at $3.10.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. CIBC downgraded Dye & Durham from an “outperform” rating to a “neutral” rating in a research note on Friday, October 3rd. BMO Capital Markets downgraded shares of Dye & Durham from an “outperform” rating to a “market perform” rating in a report on Friday, November 14th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Dye & Durham Stock Up 3.2%

The stock has a 50 day simple moving average of $3.02 and a 200-day simple moving average of $5.59.

Dye & Durham Company Profile

Dye & Durham is a provider of cloud-based software and integrated services tailored to the legal, real estate and corporate sectors. Headquartered in Toronto, Canada, the company delivers a unified platform that automates critical workflows for law firms, notaries, corporations and government agencies. Its offerings include electronic filing, land title and corporate registry services, compliance reporting, and end-to-end transaction support, all accessible via a software-as-a-service model.

Operating across Canada as well as in the United Kingdom and Ireland, Dye & Durham serves thousands of customers spanning solo practitioners to large multinational firms.