Dye & Durham (TSE:DND) Sets New 1-Year Low – What’s Next?

Dye & Durham Limited (TSE:DND) shares hit a new 52-week low during trading on Monday . The company traded as low as C$1.66 and last traded at C$1.69, with a volume of 213608 shares. The stock had previously closed at C$1.82.

Wall Street Analyst Weigh In

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

Dye & Durham Price Performance

The company has a current ratio of 0.45, a quick ratio of 1.98 and a debt-to-equity ratio of 484.73. The stock has a 50-day moving average price of C$3.01 and a 200 day moving average price of C$3.72. The stock has a market capitalization of C$113.54 million, a price-to-earnings ratio of -4.83 and a beta of 2.95.

Dye & Durham (TSE:DND) last released its quarterly earnings results on Friday, May 15th. The company reported C$0.98 earnings per share for the quarter. The company had revenue of C$91.18 million during the quarter. Dye & Durham had a negative return on equity of 9.67% and a negative net margin of 5.92%. As a group, equities research analysts expect that Dye & Durham Limited will post 0.1121051 earnings per share for the current year.

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.