Dye & Durham (TSE:DND) Shares Up 0.9% – Still a Buy?

Shares of Dye & Durham Limited (TSE:DND) shot up 0.9% during mid-day trading on Thursday . The stock traded as high as C$3.52 and last traded at C$3.50. 105,287 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 234,585 shares. The stock had previously closed at C$3.47.

Dye & Durham Stock Performance

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 firm has a market cap of C$235.10 million, a price-to-earnings ratio of -2.10 and a beta of 2.32. The stock has a fifty day moving average price of C$4.16 and a 200 day moving average price of C$4.20.

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

Insider Activity

In other Dye & Durham news, Director Alan Roy Hibben purchased 50,000 shares of the stock in a transaction dated Wednesday, February 18th. The shares were bought at an average cost of C$3.45 per share, with a total value of C$172,500.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at C$172,500. This trade represents a ∞ increase in their position. Also, insider Plantro Ltd. purchased 714,600 shares of the stock in a transaction dated Tuesday, February 10th. The stock was acquired at an average cost of C$4.15 per share, for a total transaction of C$2,965,590.00. Following the completion of the transaction, the insider owned 8,717,510 shares of the company’s stock, valued at C$36,177,666.50. The trade was a 8.93% increase in their position. Over the last ninety days, insiders bought 1,393,000 shares of company stock worth $5,469,454. 25.60% of the stock is currently owned by company insiders.

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.