Dye & Durham (TSE:DND) Hits New 52-Week Low – Time to Sell?

Dye & Durham Limited (TSE:DND)’s share price reached a new 52-week low during trading on Friday . The company traded as low as C$2.63 and last traded at C$2.78, with a volume of 557398 shares. The stock had previously closed at C$2.85.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DND shares. Cormark lowered their price objective on shares of Dye & Durham from C$17.00 to C$15.00 in a report on Thursday, September 18th. BMO Capital Markets cut shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. CIBC downgraded Dye & Durham from an “outperform” rating to a “neutral” rating and cut their price target for the company from C$16.00 to C$8.50 in a research note on Friday, October 3rd. Finally, Cibc World Mkts lowered Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$14.17.

Dye & Durham Stock Performance

The company’s fifty day moving average is C$5.06 and its 200 day moving average is C$8.28. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35. The company has a market capitalization of C$186.82 million, a P/E ratio of -1.14 and a beta of 2.46.

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.