Dye & Durham (TSE:DND) Posts Earnings Results

Dye & Durham (TSE:DND) posted its quarterly earnings results on Saturday. The company reported C($0.58) earnings per share for the quarter, FiscalAI reports. The company 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%.

Dye & Durham Price Performance

DND stock opened at C$4.17 on Friday. The company has a market capitalization of C$280.10 million, a P/E ratio of -1.71 and a beta of 3.09. The company has a fifty day moving average price of C$3.94 and a 200-day moving average price of C$6.62. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32. Dye & Durham has a 52-week low of C$2.63 and a 52-week high of C$21.93.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DND. BMO Capital Markets downgraded shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. CIBC reduced their price objective on Dye & Durham from C$8.50 to C$4.50 in a research report on Monday, December 15th. Three 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 has an average rating of “Moderate Buy” and an average price target 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.