Dye & Durham (TSE:DND) Sets New 52-Week Low – Here’s What Happened

Shares of Dye & Durham Limited (TSE:DND) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.73 and last traded at C$0.83, with a volume of 506261 shares trading hands. The stock had previously closed at C$0.81.

Wall Street Analyst Weigh In

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

Dye & Durham Stock Performance

The firm’s 50 day moving average price is C$1.73 and its 200-day moving average price is C$3.17. The company has a debt-to-equity ratio of 484.73, a quick ratio of 1.98 and a current ratio of 0.45. The firm has a market capitalization of C$59.79 million, a PE ratio of -2.54 and a beta of 3.01.

Dye & Durham (TSE:DND) last announced its quarterly earnings results on Friday, May 15th. The company reported C$0.98 earnings per share for the quarter. The firm had revenue of C$91.18 million during the quarter. Dye & Durham had a negative return on equity of 9.67% and a negative net margin of 5.92%. On average, research analysts expect that Dye & Durham Limited will post 0.1121051 EPS for the current year.

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.