Dye & Durham (TSE:DND) Stock Price Down 8.6% – Time to Sell?

Dye & Durham Limited (TSE:DND)’s stock price fell 8.6% during mid-day trading on Monday . The company traded as low as C$2.81 and last traded at C$3.81. 244,536 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 347,818 shares. The stock had previously closed at C$4.17.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. BMO Capital Markets lowered Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Canadian Imperial Bank of Commerce cut their price objective on Dye & Durham from C$8.50 to C$4.50 in a research report on Monday, December 15th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.50.

Dye & Durham Price Performance

The company has a market cap of C$259.28 million, a price-to-earnings ratio of -2.34 and a beta of 2.76. The company has a fifty day simple moving average of C$4.10 and a two-hundred day simple moving average of C$6.34. The company has a quick ratio of 1.98, a current ratio of 0.32 and a debt-to-equity ratio of 385.35.

Dye & Durham (TSE:DND) last released its quarterly earnings data on Saturday, January 31st. The company reported C($0.58) EPS for the quarter. Dye & Durham had a negative return on equity of 40.98% and a negative net margin of 37.25%.The business had revenue of C$91.78 million during the quarter. On average, equities research analysts anticipate that Dye & Durham Limited will post 0.1121051 earnings per share for the current fiscal year.

Insider Buying and Selling at Dye & Durham

In related news, insider Plantro Ltd. acquired 714,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was purchased at an average cost of C$4.15 per share, for a total transaction of C$2,965,590.00. Following the transaction, the insider directly owned 8,717,510 shares of the company’s stock, valued at approximately C$36,177,666.50. This trade represents a 8.93% increase in their position. 25.60% of the stock is currently owned by company insiders.

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.