Alan Roy Hibben Buys 50,000 Shares of Dye & Durham (TSE:DND) Stock

Dye & Durham Limited (TSE:DND) Director Alan Roy Hibben bought 50,000 shares of Dye & Durham stock in a transaction that occurred on Wednesday, February 18th. The stock was purchased at an average price of C$3.45 per share, for a total transaction of C$172,500.00. Following the acquisition, the director directly owned 50,000 shares of the company’s stock, valued at C$172,500. The trade was a ∞ increase in their position.

Dye & Durham Price Performance

DND stock opened at C$5.00 on Monday. The company has a market cap of C$335.86 million, a PE ratio of -2.99 and a beta of 2.58. The company has a current ratio of 0.68, a quick ratio of 1.98 and a debt-to-equity ratio of 726.94. The stock has a 50-day moving average price of C$4.11 and a two-hundred day moving average price of C$5.53. Dye & Durham Limited has a 12-month low of C$2.63 and a 12-month high of C$13.79.

Dye & Durham (TSE:DND) last released its quarterly earnings data on Monday, February 16th. The company reported C($0.32) EPS for the quarter. The firm had revenue of C$107.02 million during the quarter. Dye & Durham had a negative return on equity of 43.96% and a negative net margin of 26.66%. As a group, research analysts predict that Dye & Durham Limited will post 0.1121051 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DND shares. Canadian Imperial Bank of Commerce reduced their price target on shares of Dye & Durham from C$8.50 to C$4.50 in a research report on Monday, December 15th. BMO Capital Markets lowered shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.