Dye & Durham (TSE:DND) Trading Down 1.3% – Time to Sell?

Dye & Durham Limited (TSE:DND) fell 1.3% during trading on Wednesday . The company traded as low as C$0.77 and last traded at C$0.78. Approximately 201,475 shares changed hands during trading, a decline of 25% from the average daily volume of 267,626 shares. The stock had previously closed at C$0.79.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial lowered their target price on Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 20th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dye & Durham presently has a consensus rating of “Hold” and a consensus price target of C$7.83.

Dye & Durham Trading Down 1.3%

The business’s 50-day simple moving average is C$1.25 and its 200-day simple moving average is C$2.84. The company has a market cap of C$52.40 million, a PE ratio of -2.23 and a beta of 2.94. The company has a current ratio of 0.45, a quick ratio of 1.98 and a debt-to-equity ratio of 484.73.

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.