Dye & Durham (TSE:DND) Stock Price Up 11.8% – Should You Buy?

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

Wall Street Analyst Weigh In

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

Dye & Durham Trading Up 13.2%

The company has a quick ratio of 1.98, a current ratio of 0.45 and a debt-to-equity ratio of 484.73. The business’s fifty day moving average is C$1.09 and its 200 day moving average is C$2.68. The stock has a market cap of C$51.73 million, a PE ratio of -2.20 and a beta of 2.94.

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.