Dye & Durham (TSE:DND) Releases Earnings Results

Dye & Durham (TSE:DND) posted its quarterly earnings data on Monday. The company reported C($0.32) EPS for the quarter, FiscalAI reports. The company had revenue of C$107.02 million during the quarter. Dye & Durham had a negative return on equity of 40.98% and a negative net margin of 37.25%.

Dye & Durham Stock Down 4.6%

DND opened at C$3.56 on Wednesday. The company has a market capitalization of C$239.13 million, a PE ratio of -2.16 and a beta of 2.76. The firm has a 50-day simple moving average of C$4.11 and a two-hundred day simple moving average of C$6.12. The company has a quick ratio of 1.98, a current ratio of 0.32 and a debt-to-equity ratio of 385.35. Dye & Durham has a 52 week low of C$2.63 and a 52 week high of C$17.31.

Analyst Ratings Changes

Several research firms have recently commented on DND. Canadian Imperial Bank of Commerce decreased their price objective on Dye & Durham from C$8.50 to C$4.50 in a research note on Monday, December 15th. BMO Capital Markets cut shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$13.50.

Insider Activity at Dye & Durham

In other news, insider Plantro Ltd. purchased 714,600 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was 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 directly owned 8,717,510 shares of the company’s stock, valued at C$36,177,666.50. This represents a 8.93% increase in their position. Corporate insiders own 25.60% of the company’s stock.

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.