Dye & Durham (TSE:DND) Downgraded by BMO Capital Markets to “Hold”

BMO Capital Markets downgraded shares of Dye & Durham (TSE:DND) from a strong-buy rating to a hold rating in a research note released on Friday,Zacks.com reports.

Several other analysts have also commented on DND. Cibc World Mkts lowered Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Cormark decreased their target price on Dye & Durham from C$17.00 to C$15.00 in a research report on Thursday, September 18th. CIBC lowered shares of Dye & Durham from an “outperform” rating to a “neutral” rating and cut their price target for the stock from C$16.00 to C$8.50 in a report on Friday, October 3rd. Finally, Scotiabank upped their price objective on shares of Dye & Durham from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Dye & Durham has an average rating of “Moderate Buy” and an average target price of C$16.43.

Dye & Durham Price Performance

Shares of DND stock traded down C$0.73 during mid-day trading on Friday, hitting C$3.13. 1,418,638 shares of the stock were exchanged, compared to its average volume of 302,034. The firm has a fifty day moving average of C$6.87 and a 200 day moving average of C$8.88. The company has a quick ratio of 1.98, a current ratio of 0.32 and a debt-to-equity ratio of 385.35. Dye & Durham has a 52-week low of C$3.11 and a 52-week high of C$22.59. The company has a market cap of C$210.34 million, a PE ratio of -1.28 and a beta of 2.48.

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.