Dye & Durham (TSE:DND) Hits New 52-Week Low – Should You Sell?

Dye & Durham Limited (TSE:DND – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$1.35 and last traded at C$1.38, with a volume of 619280 shares. The stock had previously closed at C$1.51.

Wall Street Analyst Weigh In

Separately, Raymond James Financial cut their price objective on shares of Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating for the company in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Dye & Durham currently has a consensus rating of “Hold” and an average price target of C$10.80.

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Dye & Durham Trading Up 4.3%

The firm has a market capitalization of C$96.74 million, a price-to-earnings ratio of -4.11 and a beta of 2.95. 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 company has a 50 day moving average price of C$2.61 and a two-hundred day moving average price of C$3.61.

Dye & Durham (TSE:DND – Get Free Report) last issued 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 for the quarter. Dye & Durham had a negative net margin of 5.92% and a negative return on equity of 9.67%. On average, research analysts forecast that Dye & Durham Limited will post 0.1121051 EPS for the current year.

Dye & Durham Company Profile

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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.

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