Dye & Durham Limited (TSE:DND) Given Average Rating of “Moderate Buy” by Brokerages

Dye & Durham Limited (TSE:DND) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$14.17.

A number of research firms have recently commented on DND. BMO Capital Markets cut Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Cormark reduced their target price on shares of Dye & Durham from C$17.00 to C$15.00 in a research report on Thursday, September 18th. Cibc World Mkts cut Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, CIBC lowered shares of Dye & Durham from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from C$16.00 to C$8.50 in a research note on Friday, October 3rd.

Dye & Durham Stock Performance

Shares of TSE:DND opened at C$4.64 on Friday. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35. Dye & Durham has a 12 month low of C$2.63 and a 12 month high of C$22.59. The company has a market capitalization of C$311.67 million, a price-to-earnings ratio of -1.90 and a beta of 2.46. The firm’s 50-day moving average is C$4.65 and its 200 day moving average is C$8.04.

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.