Dye & Durham (TSE:DND) Stock Jumps 10.5% – Here’s Why

Dye & Durham Limited (TSE:DND)’s stock price traded up 10.5% during trading on Tuesday. The company traded as high as C$1.75 and last traded at C$1.69. 579,638 shares changed hands during mid-day trading, an increase of 56% from the average daily volume of 371,880 shares. The stock had previously closed at C$1.53.

Wall Street Analyst Weigh In

Separately, Raymond James Financial lowered their price target on Dye & Durham from C$4.00 to C$1.75 and set a “market perform” rating on the stock in a report on Thursday, October 1st. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$3.12.

Dye & Durham Price Performance

The firm has a 50-day simple moving average of C$0.96 and a 200-day simple moving average of C$1.83. The firm has a market capitalization of C$106.82 million, a PE ratio of -2.79 and a beta of 2.45. 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 (TSE:DND) last released its quarterly earnings results on Tuesday, September 29th. The company reported C($0.32) EPS for the quarter. Dye & Durham had a negative net margin of 3.40% and a negative return on equity of 5.58%. The business had revenue of C$104.17 million for the quarter. As a group, equities analysts forecast that Dye & Durham Limited will post 0.11 earnings per share for the current year.

Dye & Durham Company Profile

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, Australia, and South Africa.