Dye & Durham (TSE:DND) Shares Down 8.7% – Here’s Why

Dye & Durham Limited (TSE:DND) shares traded down 8.7% on Friday . The stock traded as low as C$1.13 and last traded at C$1.15. 219,422 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 255,985 shares. The stock had previously closed at C$1.26.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial dropped their price objective on Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating for the company in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Dye & Durham currently has an average rating of “Hold” and a consensus target price of C$9.88.

Dye & Durham Price Performance

The company’s 50-day simple moving average is C$2.31 and its 200-day simple moving average is C$3.49. The stock has a market capitalization of C$76.59 million, a price-to-earnings ratio of -3.26 and a beta of 3.01. The company has a debt-to-equity ratio of 484.73, a current ratio of 0.45 and a quick ratio of 1.98.

Dye & Durham (TSE:DND) last released its quarterly earnings results on Friday, May 15th. The company reported C$0.98 earnings per share 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. Research analysts forecast that Dye & Durham Limited will post 0.1121051 earnings per share 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.