Dye & Durham (TSE:DND) Hits New 12-Month Low – Should You Sell?

Dye & Durham Limited (TSE:DND)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as C$2.78 and last traded at C$2.85, with a volume of 202292 shares. The stock had previously closed at C$2.93.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Cibc World Mkts cut shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Scotiabank lifted their target price on Dye & Durham from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. CIBC cut Dye & Durham from an “outperform” rating to a “neutral” rating and decreased their price target for the company from C$16.00 to C$8.50 in a research note on Friday, October 3rd. BMO Capital Markets downgraded Dye & Durham from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Cormark reduced their target price on Dye & Durham from C$17.00 to C$15.00 in a report on Thursday, September 18th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Dye & Durham has a consensus rating of “Moderate Buy” and an average price target of C$16.43.

Dye & Durham Price Performance

The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32. The business has a 50 day moving average price of C$6.55 and a 200-day moving average price of C$8.79. The company has a market capitalization of C$191.52 million, a price-to-earnings ratio of -1.17 and a beta of 2.48.

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.