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

Dye & Durham Limited (TSE:DND)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as C$0.68 and last traded at C$0.69, with a volume of 180877 shares. The stock had previously closed at C$0.72.

Analysts Set New Price Targets

Separately, Raymond James Financial decreased their price objective on Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating for the company in a report on Wednesday, May 20th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dye & Durham currently has an average rating of “Hold” and a consensus target price of C$7.83.

Dye & Durham Trading Down 1.4%

The company has a debt-to-equity ratio of 484.73, a quick ratio of 1.98 and a current ratio of 0.45. The firm has a fifty day moving average price of C$1.11 and a 200 day moving average price of C$2.70. The company has a market cap of C$47.70 million, a price-to-earnings ratio of -2.03 and a beta of 2.94.

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.