Plantro Ltd. Purchases 714,600 Shares of Dye & Durham (TSE:DND) Stock

Dye & Durham Limited (TSE:DND) insider Plantro Ltd. acquired 714,600 shares of Dye & Durham stock in a transaction that occurred on Tuesday, February 10th. The stock was bought at an average cost of C$4.15 per share, with a total value of C$2,965,590.00. Following the acquisition, the insider directly owned 8,717,510 shares of the company’s stock, valued at approximately C$36,177,666.50. This trade represents a 8.93% increase in their ownership of the stock.

Plantro Ltd. also recently made the following trade(s):

• On Monday, February 9th, Plantro Ltd. bought 628,400 shares of Dye & Durham stock. The shares were bought at an average cost of C$3.71 per share, with a total value of C$2,331,364.00.

Dye & Durham Stock Up 3.4%

TSE DND traded up C$0.13 during trading on Wednesday, reaching C$3.90. 233,591 shares of the company’s stock were exchanged, compared to its average volume of 844,090. The firm has a market capitalization of C$261.97 million, a PE ratio of -2.36 and a beta of 2.76. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35. The company’s fifty day simple moving average is C$4.08 and its 200-day simple moving average is C$6.35. Dye & Durham Limited has a fifty-two week low of C$2.63 and a fifty-two week high of C$17.31.

Dye & Durham (TSE:DND) last announced its quarterly earnings results on Saturday, January 31st. The company reported C($0.58) EPS for the quarter. The firm had revenue of C$91.78 million during the quarter. Dye & Durham had a negative net margin of 37.25% and a negative return on equity of 40.98%. Sell-side analysts predict that Dye & Durham Limited will post 0.1121051 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DND. Canadian Imperial Bank of Commerce dropped their target price on shares of Dye & Durham from C$8.50 to C$4.50 in a report on Monday, December 15th. BMO Capital Markets cut shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Dye & Durham currently has an average rating of “Moderate Buy” and a consensus target price of C$13.50.

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.