Dye & Durham (TSE:DND) Stock Price Down 9.9% – Here’s Why

Dye & Durham Limited (TSE:DNDGet Free Report) traded down 9.9% during trading on Thursday . The stock traded as low as C$1.40 and last traded at C$1.45. 301,881 shares were traded during mid-day trading, an increase of 27% from the average daily volume of 237,228 shares. The stock had previously closed at C$1.61.

Wall Street Analyst Weigh In

Separately, Raymond James Financial decreased 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 research report on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$10.80.

View Our Latest Research Report on DND

Dye & Durham Stock Down 7.5%

The company has a quick ratio of 1.98, a current ratio of 0.45 and a debt-to-equity ratio of 484.73. The company has a market cap of C$100.10 million, a price-to-earnings ratio of -4.26 and a beta of 2.95. The stock has a fifty day moving average price of C$2.87 and a two-hundred day moving average price of C$3.70.

Dye & Durham (TSE:DNDGet Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported C$0.98 earnings per share for the quarter. The business had revenue of C$91.18 million during the quarter. Dye & Durham had a negative net margin of 5.92% and a negative return on equity of 9.67%. As a group, sell-side analysts expect that Dye & Durham Limited will post 0.1121051 EPS for the current year.

About Dye & Durham

(Get Free Report)

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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