Dye & Durham (TSE:DND) Shares Down 1.3% – Time to Sell?

Dye & Durham Limited (TSE:DND) shares traded down 1.3% during mid-day trading on Wednesday . The stock traded as low as C$0.77 and last traded at C$0.78. Approximately 201,475 shares were traded during trading, a decline of 25% from the average daily volume of 267,626 shares. The stock had previously closed at C$0.79.

Analysts Set New Price Targets

Separately, Raymond James Financial dropped their price objective on shares of Dye & Durham from C$5.00 to C$4.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$7.83.

Dye & Durham Stock Performance

The company has a debt-to-equity ratio of 484.73, a current ratio of 0.45 and a quick ratio of 1.98. The stock has a fifty day moving average price of C$1.22 and a two-hundred day moving average price of C$2.82. The company has a market cap of C$49.71 million, a P/E ratio of -2.11 and a beta of 2.94.

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.