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

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DND. 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. CIBC downgraded Dye & Durham from an “outperform” rating to a “neutral” rating and reduced their target price for the company from C$16.00 to C$8.50 in a report on Friday, October 3rd. BMO Capital Markets cut Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Scotiabank upped their price objective on Dye & Durham from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, Cormark reduced their price objective on Dye & Durham from C$17.00 to C$15.00 in a research note on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$16.43.

Dye & Durham Stock Performance

The company has a market cap of C$191.52 million, a price-to-earnings ratio of -1.17 and a beta of 2.48. 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 company has a fifty day moving average of C$6.55 and a two-hundred day moving average of C$8.79.

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.