Dye & Durham (TSE:DND) Insider Plantro Ltd. Buys 628,400 Shares

Dye & Durham Limited (TSE:DND) insider Plantro Ltd. bought 628,400 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were purchased at an average cost of C$3.71 per share, with a total value of C$2,331,364.00. Following the acquisition, the insider directly owned 8,002,910 shares of the company’s stock, valued at approximately C$29,690,796.10. This trade represents a 8.52% increase in their ownership of the stock.

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

• On Tuesday, February 10th, Plantro Ltd. purchased 714,600 shares of Dye & Durham stock. The shares were acquired at an average cost of C$4.15 per share, with a total value of C$2,965,590.00.

Dye & Durham Stock Performance

Shares of TSE DND opened at C$3.86 on Thursday. The company has a 50 day simple moving average of C$4.10 and a two-hundred day simple moving average of C$6.34. The stock has a market cap of C$259.28 million, a price-to-earnings ratio of -2.34 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. Dye & Durham Limited has a 12 month low of C$2.63 and a 12 month high of C$17.31.

Dye & Durham (TSE:DND) last released its quarterly earnings data on Saturday, January 31st. The company reported C($0.58) earnings per share for the quarter. The business had revenue of C$91.78 million during the quarter. Dye & Durham had a negative return on equity of 40.98% and a negative net margin of 37.25%. As a group, analysts predict that Dye & Durham Limited will post 0.1121051 earnings per share for the current year.

Analyst Upgrades and Downgrades

DND has been the topic of a number of recent research reports. BMO Capital Markets downgraded Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Canadian Imperial Bank of Commerce decreased their price target on Dye & Durham from C$8.50 to C$4.50 in a report on Monday, December 15th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.