Dye & Durham (TSE:DND) Trading Down 11.8% – Time to Sell?

Shares of Dye & Durham Limited (TSE:DND – Get Free Report) were down 11.8% during trading on Tuesday . The company traded as low as C$1.05 and last traded at C$1.05. Approximately 252,923 shares were traded during trading, a decline of 1% from the average daily volume of 255,420 shares. The stock had previously closed at C$1.19.

Wall Street Analyst Weigh In

Separately, Raymond James Financial lowered their price objective on shares of Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$9.88.

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Dye & Durham Stock Performance

The firm’s fifty day moving average price is C$1.77 and its 200-day moving average price is C$3.19. The company has a current ratio of 0.45, a quick ratio of 1.98 and a debt-to-equity ratio of 484.73. The company has a market cap of C$57.78 million, a P/E ratio of -2.46 and a beta of 3.01.

Dye & Durham (TSE:DND – Get Free Report) last released its earnings results on Friday, May 15th. The company reported C$0.98 earnings per share for the quarter. Dye & Durham had a negative net margin of 5.92% and a negative return on equity of 9.67%. The business had revenue of C$91.18 million during the quarter. As a group, research analysts forecast that Dye & Durham Limited will post 0.1121051 EPS for the current fiscal year.

About Dye & Durham

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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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