Dye & Durham (TSE:DND) Hits New 1-Year Low – Here’s Why

Dye & Durham Limited (TSE:DND)’s share price hit a new 52-week low during trading on Friday . The company traded as low as C$2.63 and last traded at C$2.78, with a volume of 557398 shares. The stock had previously closed at C$2.85.

Wall Street Analyst Weigh In

DND has been the topic of several recent analyst reports. Cibc World Mkts downgraded shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. CIBC downgraded Dye & Durham from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from C$16.00 to C$8.50 in a research report on Friday, October 3rd. Cormark dropped their price objective on Dye & Durham from C$17.00 to C$15.00 in a research note on Thursday, September 18th. Finally, BMO Capital Markets downgraded Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$14.17.

Dye & Durham Trading Down 2.5%

The stock has a market cap of C$186.82 million, a PE ratio of -1.14 and a beta of 2.46. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32. The stock has a fifty day moving average price of C$5.06 and a 200 day moving average price of C$8.28.

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.