Dye & Durham (TSE:DND) Reaches New 12-Month Low – Here’s Why

Dye & Durham Limited (TSE:DND)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$1.77 and last traded at C$1.79, with a volume of 214826 shares trading hands. The stock had previously closed at C$1.82.

Wall Street Analyst Weigh In

Separately, Raymond James Financial decreased 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 report on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Dye & Durham has an average rating of “Hold” and a consensus target price of C$10.80.

Dye & Durham Stock Down 1.1%

The stock has a market capitalization of C$120.93 million, a P/E ratio of -5.14 and a beta of 2.95. 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 firm has a 50 day simple moving average of C$3.18 and a two-hundred day simple moving average of C$3.76.

Dye & Durham (TSE:DND) last announced 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 company had revenue of C$91.18 million during the quarter. On average, equities research analysts expect that Dye & Durham Limited will post 0.1121051 earnings per share for the current 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.