Dye & Durham (TSE:DND) Sets New 52-Week Low – Should You Sell?

Shares of Dye & Durham Limited (TSE:DND) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.68 and last traded at C$0.70, with a volume of 198347 shares. The stock had previously closed at C$0.73.

Analysts Set New Price Targets

Separately, Raymond James Financial cut 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. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$7.83.

Dye & Durham Trading Down 4.1%

The stock has a market cap of C$47.03 million, a P/E ratio of -2.00 and a beta of 3.01. The company has a current ratio of 0.45, a quick ratio of 1.98 and a debt-to-equity ratio of 484.73. The stock’s fifty day moving average price is C$0.94 and its 200 day moving average price is C$2.47.

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.