Insider Buying: Dye & Durham (TSE:DND) Insider Buys C$2,965,590.00 in Stock

Dye & Durham Limited (TSE:DND) insider Plantro Ltd. bought 714,600 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were acquired at an average price of C$4.15 per share, for a total transaction of C$2,965,590.00. Following the acquisition, the insider owned 8,717,510 shares in the company, valued at approximately C$36,177,666.50. This represents a 8.93% increase in their position.

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

• On Monday, February 9th, Plantro Ltd. purchased 628,400 shares of Dye & Durham stock. The stock was acquired at an average price of C$3.71 per share, with a total value of C$2,331,364.00.

Dye & Durham Trading Up 2.2%

TSE:DND opened at C$3.73 on Friday. The firm has a market capitalization of C$250.55 million, a P/E ratio of -2.26 and a beta of 2.76. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98. Dye & Durham Limited has a one year low of C$2.63 and a one year high of C$17.31. The company’s 50-day simple moving average is C$4.13 and its 200 day simple moving average is C$6.28.

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

Wall Street Analysts Forecast Growth

DND has been the topic of a number of recent research reports. BMO Capital Markets cut Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Canadian Imperial Bank of Commerce dropped their price target on shares of Dye & Durham from C$8.50 to C$4.50 in a research note on Monday, December 15th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Dye & Durham has an average rating of “Moderate Buy” and a consensus price target of C$13.50.

About Dye & Durham

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.