Dye & Durham (TSE:DND) Shares Down 11% – Time to Sell?

Dye & Durham Limited (TSE:DND)’s stock price fell 11% on Monday . The company traded as low as C$1.84 and last traded at C$1.86. 326,860 shares traded hands during mid-day trading, an increase of 44% from the average session volume of 226,762 shares. The stock had previously closed at C$2.09.

Analyst Upgrades and Downgrades

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. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. 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 Price 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 business has a 50-day moving average price of C$3.14 and a 200 day moving average price of C$3.75. The stock has a market cap of C$114.88 million, a PE ratio of -4.89 and a beta of 2.95.

Dye & Durham (TSE:DND) last issued its quarterly earnings results on Friday, May 15th. The company reported C$0.98 EPS for the quarter. Dye & Durham had a negative return on equity of 9.67% and a negative net margin of 5.92%.The firm had revenue of C$91.18 million for the quarter. As a group, research analysts forecast 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.