Plantro Ltd. Purchases 714,600 Shares of Dye & Durham (TSE:DND) Stock

Dye & Durham Limited (TSE:DND) insider Plantro Ltd. bought 714,600 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were bought at an average cost of C$4.15 per share, with a total value of C$2,965,590.00. Following the purchase, the insider directly owned 8,717,510 shares of the company’s stock, valued at approximately C$36,177,666.50. This represents a 8.93% increase in their ownership of the stock.

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

• On Monday, February 9th, Plantro Ltd. bought 628,400 shares of Dye & Durham stock. The shares were purchased at an average cost of C$3.71 per share, with a total value of C$2,331,364.00.

Dye & Durham Stock Down 5.4%

TSE DND opened at C$3.65 on Friday. The business has a fifty day moving average price of C$4.11 and a 200 day moving average price of C$6.32. The company has a market cap of C$245.17 million, a P/E ratio of -2.21 and a beta of 2.76. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32. Dye & Durham Limited has a one year low of C$2.63 and a one year high of C$17.31.

Dye & Durham (TSE:DND) last posted its quarterly earnings results on Saturday, January 31st. The company reported C($0.58) earnings per share 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 for the quarter. Research analysts anticipate that Dye & Durham Limited will post 0.1121051 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DND has been the topic of several analyst reports. Canadian Imperial Bank of Commerce reduced their price target on shares of 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 research report on Friday, November 14th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$13.50.

Dye & Durham Company Profile

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.