Dye & Durham (TSE:DND) Trading Down 11% – Should You Sell?

Dye & Durham Limited (TSE:DND) was down 11% on Monday . The stock traded as low as C$1.84 and last traded at C$1.86. Approximately 326,860 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 226,762 shares. The stock had previously closed at C$2.09.

Wall Street Analyst Weigh In

Separately, Raymond James Financial decreased their target price on Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating for the company in a research report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dye & Durham has an average rating of “Hold” and a consensus price target of C$10.80.

Dye & Durham Stock Performance

The firm has a market capitalization of C$122.27 million, a PE ratio of -5.20 and a beta of 2.95. The company has a debt-to-equity ratio of 484.73, a current ratio of 0.45 and a quick ratio of 1.98. The stock has a 50-day moving average price of C$3.22 and a 200-day moving average price of C$3.77.

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

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.