Dye & Durham (TSE:DND) Reaches New 52-Week Low – Should You Sell?

Shares of Dye & Durham Limited (TSE:DND) reached a new 52-week low on Friday . The stock traded as low as C$10.88 and last traded at C$11.09, with a volume of 61862 shares trading hands. The stock had previously closed at C$11.28.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. CIBC lowered their target price on shares of Dye & Durham from C$30.00 to C$25.00 in a research report on Friday, February 14th. Scotiabank dropped their price objective on shares of Dye & Durham from C$25.00 to C$20.00 in a research note on Friday, February 14th. Cormark downgraded shares of Dye & Durham from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 14th. Canaccord Genuity Group reduced their price objective on Dye & Durham from C$27.50 to C$23.00 in a research note on Friday, February 14th. Finally, BMO Capital Markets lowered their target price on Dye & Durham from C$22.00 to C$20.00 in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$22.50.

Dye & Durham Stock Performance

The stock has a 50 day moving average of C$13.43 and a two-hundred day moving average of C$16.07. The stock has a market capitalization of C$789.00 million, a PE ratio of -4.62 and a beta of 2.09. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98.

Insiders Place Their Bets

In other Dye & Durham news, insider Plantro Ltd. sold 1,778,900 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of C$15.16, for a total transaction of C$26,967,768.22. Also, Director Eric Shahinian purchased 12,300 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were purchased at an average cost of C$17.35 per share, with a total value of C$213,433.29. Insiders own 25.60% of the company’s stock.

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.