Dye & Durham (TSE:DND) Price Target Cut to C$4.00 by Analysts at Raymond James Financial

Dye & Durham (TSE:DND) had its price target dropped by equities researchers at Raymond James Financial from C$5.00 to C$4.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 35.59% from the stock’s previous close.

Dye & Durham Price Performance

Shares of DND stock traded up C$0.10 during midday trading on Wednesday, reaching C$2.95. 173,699 shares of the company traded hands, compared to its average volume of 225,648. The firm’s 50 day simple moving average is C$3.87 and its two-hundred day simple moving average is C$3.97. Dye & Durham has a 1-year low of C$2.63 and a 1-year high of C$12.13. 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 firm has a market cap of C$198.19 million, a PE ratio of -8.43 and a beta of 2.55.

Dye & Durham (TSE:DND) last posted its quarterly earnings results on Friday, May 15th. The company reported C$0.98 earnings per share (EPS) 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 research analysts expect that Dye & Durham 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.