Plantro Ltd. Sells 350,000 Shares of Dye & Durham Limited (TSE:DND) Stock

Dye & Durham Limited (TSE:DND) insider Plantro Ltd. sold 350,000 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$10.29, for a total transaction of C$3,599,750.00.

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

• On Tuesday, May 27th, Plantro Ltd. purchased 26,000 shares of Dye & Durham stock. The shares were purchased at an average cost of C$10.42 per share, for a total transaction of C$270,953.80.
• On Monday, May 26th, Plantro Ltd. purchased 85,600 shares of Dye & Durham stock. The stock was acquired at an average price of C$10.13 per share, for a total transaction of C$867,153.68.
• On Thursday, May 22nd, Plantro Ltd. acquired 125,000 shares of Dye & Durham stock. The stock was acquired at an average cost of C$9.50 per share, with a total value of C$1,186,975.00.

Dye & Durham Stock Performance

Dye & Durham stock traded up C$0.03 during midday trading on Tuesday, reaching C$10.63. 196,840 shares of the stock traded hands, compared to its average volume of 254,854. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35. The firm has a fifty day moving average price of C$9.28 and a two-hundred day moving average price of C$13.57. The firm has a market cap of C$740.25 million, a price-to-earnings ratio of -4.34 and a beta of 2.09. Dye & Durham Limited has a fifty-two week low of C$7.85 and a fifty-two week high of C$22.59.

Analyst Ratings Changes

DND has been the subject of several research reports. CIBC cut their price objective on Dye & Durham from C$21.00 to C$17.00 and set an “outperform” rating for the company in a research note on Thursday, May 22nd. Cormark cut Dye & Durham from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 14th. Scotiabank dropped their target price on Dye & Durham from C$18.00 to C$14.00 and set an “outperform” rating on the stock in a report on Thursday, May 22nd. Canaccord Genuity Group decreased their price objective on shares of Dye & Durham from C$19.00 to C$16.00 and set a “buy” rating for the company in a research note on Thursday, May 22nd. Finally, BMO Capital Markets decreased their target price on shares of Dye & Durham from C$20.00 to C$16.00 and set an “outperform” rating for the company in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$18.42.

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.