Dye & Durham (TSE:DND) Shares Down 11.8% – What’s Next?

Dye & Durham Limited (TSE:DND)’s stock price traded down 11.8% during trading on Tuesday . The company traded as low as C$1.05 and last traded at C$1.05. Approximately 252,923 shares changed hands during trading, a decline of 1% from the average session volume of 255,420 shares. The stock had previously closed at C$1.19.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial lowered their price target 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. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$9.88.

Dye & Durham Stock Down 29.4%

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 company has a market cap of C$56.43 million, a PE ratio of -2.40 and a beta of 3.01. The business’s 50 day moving average is C$1.86 and its 200-day moving average is C$3.24.

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