Raymond James Financial Cuts Dye & Durham (TSE:DND) Price Target to C$1.75

Dye & Durham (TSE:DND) had its price objective lowered by Raymond James Financial from C$4.00 to C$1.75 in a report released on Thursday, BayStreet reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s target price indicates a potential upside of 80.41% from the stock’s current price.

Dye & Durham Trading Down 3.0%

DND stock traded down C$0.03 during midday trading on Thursday, hitting C$0.97. The stock had a trading volume of 781,436 shares, compared to its average volume of 300,025. The firm has a market cap of C$65.17 million, a PE ratio of -1.70 and a beta of 3.01. The company has a debt-to-equity ratio of 463.63, a current ratio of 0.53 and a quick ratio of 1.98. Dye & Durham has a 12-month low of C$0.45 and a 12-month high of C$7.92. The company’s 50-day moving average price is C$0.79 and its 200 day moving average price is C$2.11.

Dye & Durham (TSE:DND) last issued its quarterly earnings results on Tuesday, September 29th. The company reported C($0.32) earnings per share for the quarter. Dye & Durham had a negative return on equity of 5.58% and a negative net margin of 3.40%.The business had revenue of C$104.17 million for the quarter. On average, equities research analysts predict that Dye & Durham will post 0.1121051 earnings per share for the current fiscal 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.