Dye & Durham (TSE:DND) Reaches New 1-Year Low – Should You Sell?

Dye & Durham Limited (TSE:DND) shares reached a new 52-week low during trading on Monday . The stock traded as low as C$2.27 and last traded at C$2.31, with a volume of 94625 shares traded. The stock had previously closed at C$2.36.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial reduced their target price on shares of Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating for the company in a report on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$10.80.

Dye & Durham Stock Down 9.2%

The company’s fifty day simple moving average is C$3.33 and its 200-day simple moving average is C$3.79. The firm has a market capitalization of C$139.07 million, a PE ratio of -5.91 and a beta of 2.95. The company has a debt-to-equity ratio of 484.73, a current ratio of 0.45 and a quick ratio of 1.98.

Dye & Durham (TSE:DND) last issued its quarterly earnings data on Friday, May 15th. The company reported C$0.98 EPS for the quarter. Dye & Durham had a negative return on equity of 9.67% and a negative net margin of 5.92%.The firm had revenue of C$91.18 million during the quarter. On average, analysts forecast that Dye & Durham Limited will post 0.1121051 EPS for the current year.

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.