Dye & Durham (TSE:DND) Shares Down 11.8% – Here’s What Happened

Dye & Durham Limited (TSE:DND)’s stock price fell 11.8% during trading on Tuesday . The stock traded as low as C$1.05 and last traded at C$1.05. Approximately 252,923 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 255,420 shares. The stock had previously closed at C$1.19.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial reduced 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 report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$9.88.

Dye & Durham Price Performance

The stock has a market cap of C$56.43 million, a PE ratio of -2.40 and a beta of 3.01. The stock’s fifty day moving average is C$1.86 and its 200-day moving average is C$3.24. 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 issued its earnings results on Friday, May 15th. The company reported C$0.98 EPS 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 for the quarter. As a group, equities analysts anticipate that Dye & Durham Limited will post 0.1121051 EPS 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.