Dye & Durham (TSE:DND) Stock Price Down 19.8% – Time to Sell?

Dye & Durham Limited (TSE:DND)’s stock price fell 19.8% during trading on Monday. The company traded as low as C$1.49 and last traded at C$1.54. 1,508,119 shares changed hands during trading, an increase of 311% from the average daily volume of 366,748 shares. The stock had previously closed at C$1.92.

Wall Street Analyst Weigh In

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

Dye & Durham Price Performance

The firm has a 50-day moving average of C$0.95 and a 200 day moving average of C$1.84. The company has a market capitalization of C$110.18 million, a PE ratio of -2.88 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 posted its earnings results on Tuesday, September 29th. The company reported C($0.32) earnings per share (EPS) for the quarter. The company had revenue of C$104.17 million for the quarter. Dye & Durham had a negative net margin of 3.40% and a negative return on equity of 5.58%. As a group, research analysts anticipate that Dye & Durham Limited will post 0.11 earnings per share for the current fiscal 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.