Plantro Ltd. Purchases 628,400 Shares of Dye & Durham (TSE:DND) Stock

Dye & Durham Limited (TSE:DND) insider Plantro Ltd. acquired 628,400 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was acquired at an average price of C$3.71 per share, for a total transaction of C$2,331,364.00. Following the completion of the transaction, the insider owned 8,002,910 shares in the company, valued at approximately C$29,690,796.10. The trade was a 8.52% increase in their position.

Plantro Ltd. also recently made the following trade(s):

• On Tuesday, February 10th, Plantro Ltd. bought 714,600 shares of Dye & Durham stock. The shares were acquired at an average price of C$4.15 per share, with a total value of C$2,965,590.00.

Dye & Durham Stock Performance

TSE:DND opened at C$3.65 on Friday. The company has a quick ratio of 1.98, a current ratio of 0.32 and a debt-to-equity ratio of 385.35. The firm’s fifty day simple moving average is C$4.11 and its 200 day simple moving average is C$6.32. The stock has a market cap of C$245.17 million, a P/E ratio of -2.21 and a beta of 2.76. Dye & Durham Limited has a twelve month low of C$2.63 and a twelve month high of C$17.31.

Dye & Durham (TSE:DND) last posted its earnings results on Saturday, January 31st. The company reported C($0.58) EPS for the quarter. The company had revenue of C$91.78 million during the quarter. Dye & Durham had a negative return on equity of 40.98% and a negative net margin of 37.25%. As a group, research analysts predict that Dye & Durham Limited will post 0.1121051 EPS for the current year.

Wall Street Analyst Weigh In

DND has been the subject of several research reports. Canadian Imperial Bank of Commerce decreased their target price on Dye & Durham from C$8.50 to C$4.50 in a research report on Monday, December 15th. BMO Capital Markets downgraded Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$13.50.

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.