Dye & Durham (TSE:DND) Trading Down 8.7% – Here’s What Happened

Dye & Durham Limited (TSE:DND) was down 8.7% during mid-day trading on Friday . The company traded as low as C$1.13 and last traded at C$1.15. Approximately 219,422 shares traded hands during trading, a decline of 14% from the average session volume of 255,985 shares. The stock had previously closed at C$1.26.

Analysts Set New Price Targets

Separately, Raymond James Financial dropped their price target on shares of Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Dye & Durham has an average rating of “Hold” and a consensus price target of C$9.88.

Dye & Durham Price Performance

The company has a quick ratio of 1.98, a current ratio of 0.45 and a debt-to-equity ratio of 484.73. The stock’s 50-day moving average price is C$2.26 and its 200 day moving average price is C$3.47. The firm has a market capitalization of C$82.63 million, a price-to-earnings ratio of -3.51 and a beta of 3.01.

Dye & Durham (TSE:DND) last released its quarterly earnings data on Friday, May 15th. The company reported C$0.98 earnings per share for the quarter. Dye & Durham had a negative return on equity of 9.67% and a negative net margin of 5.92%.The company had revenue of C$91.18 million for the quarter. Equities research analysts expect that Dye & Durham Limited will post 0.1121051 earnings per share for the current fiscal year.

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.