Dye & Durham (TSE:DND) Sets New 52-Week Low – Here’s Why

Dye & Durham Limited (TSE:DND) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.73 and last traded at C$0.83, with a volume of 506261 shares changing hands. The stock had previously closed at C$0.81.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial dropped their price target on shares of Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$9.88.

Dye & Durham Trading Up 3.7%

The business has a fifty day moving average of C$1.82 and a 200-day moving average of C$3.22. The stock has a market capitalization of C$56.43 million, a price-to-earnings ratio of -2.40 and a beta of 3.01. The company has a debt-to-equity ratio of 484.73, a current ratio of 0.45 and a quick ratio of 1.98.

Dye & Durham (TSE:DND) last issued its quarterly earnings results 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 company had revenue of C$91.18 million during the quarter. On average, equities analysts anticipate that Dye & Durham Limited will post 0.1121051 earnings per share 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.