Dye & Durham (TSE:DND) Stock Price Up 12.6% – What’s Next?

Dye & Durham Limited (TSE:DND) shares rose 12.6% during mid-day trading on Wednesday . The stock traded as high as C$5.05 and last traded at C$5.01. Approximately 503,324 shares were traded during trading, an increase of 19% from the average daily volume of 422,704 shares. The stock had previously closed at C$4.45.

Analyst Ratings Changes

A number of research firms have recently commented on DND. Canadian Imperial Bank of Commerce dropped their target price on shares of Dye & Durham from C$8.50 to C$4.50 in a report on Monday, December 15th. BMO Capital Markets downgraded Dye & Durham from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$13.50.

Dye & Durham Trading Down 5.2%

The stock has a market capitalization of C$333.17 million, a PE ratio of -2.97 and a beta of 2.76. The company has a current ratio of 0.68, a quick ratio of 1.98 and a debt-to-equity ratio of 726.94. The firm has a 50-day moving average price of C$4.10 and a 200-day moving average price of C$5.63.

Dye & Durham (TSE:DND) last posted its quarterly earnings results on Monday, February 16th. The company reported C($0.32) earnings per share for the quarter. Dye & Durham had a negative return on equity of 43.96% and a negative net margin of 26.66%.The firm had revenue of C$107.02 million for the quarter. As a group, equities analysts forecast that Dye & Durham Limited will post 0.1121051 EPS for the current fiscal year.

Insider Transactions at Dye & Durham

In other news, insider Plantro Ltd. bought 714,600 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was acquired at an average price of C$4.15 per share, with a total value of C$2,965,590.00. Following the completion of the purchase, the insider directly owned 8,717,510 shares in the company, valued at C$36,177,666.50. This represents a 8.93% increase in their ownership of the stock. 25.60% of the stock is currently owned by company insiders.

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.