Dye & Durham (TSE:DND) Reaches New 12-Month Low – Here’s What Happened

Dye & Durham Limited (TSE:DND)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$1.77 and last traded at C$1.79, with a volume of 214826 shares changing hands. The stock had previously closed at C$1.82.

Wall Street Analysts Forecast Growth

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

Dye & Durham Price Performance

The company has a current ratio of 0.45, a quick ratio of 1.98 and a debt-to-equity ratio of 484.73. The company has a market capitalization of C$114.88 million, a price-to-earnings ratio of -4.89 and a beta of 2.95. The firm’s fifty day simple moving average is C$3.09 and its two-hundred day simple moving average is C$3.74.

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

About Dye & Durham

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.