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

Dye & Durham (TSE:DND) had its price objective cut by analysts at Raymond James Financial from C$5.00 to C$4.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 35.59% from the company’s current price.

Dye & Durham Stock Up 3.5%

TSE:DND traded up C$0.10 during trading hours on Wednesday, hitting C$2.95. The company’s stock had a trading volume of 173,699 shares, compared to its average volume of 225,648. The stock has a market capitalization of C$198.19 million, a P/E ratio of -8.43 and a beta of 2.55. The stock has a fifty day moving average of C$3.87 and a 200-day moving average of C$3.97. The company has a current ratio of 0.45, a quick ratio of 1.98 and a debt-to-equity ratio of 484.73. Dye & Durham has a 52-week low of C$2.63 and a 52-week high of C$12.13.

Dye & Durham (TSE:DND) last issued its quarterly earnings data on Friday, May 15th. The company reported C$0.98 earnings per share (EPS) for the quarter. The company had revenue of C$91.18 million for the quarter. Dye & Durham had a negative return on equity of 9.67% and a negative net margin of 5.92%. On average, equities analysts forecast that Dye & Durham will post 0.1121051 earnings per share for the current 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.