Dye & Durham (TSE:DND) Stock Price Down 8.6% – Time to Sell?

Dye & Durham Limited (TSE:DND)’s share price fell 8.6% on Monday . The company traded as low as C$2.81 and last traded at C$3.81. 244,536 shares were traded during trading, a decline of 30% from the average session volume of 347,818 shares. The stock had previously closed at C$4.17.

Analyst Ratings Changes

Several research firms have recently weighed in on DND. BMO Capital Markets cut Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Canadian Imperial Bank of Commerce reduced their price objective on Dye & Durham from C$8.50 to C$4.50 in a research report on Monday, December 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$13.50.

Dye & Durham Trading Down 4.8%

The stock has a fifty day simple moving average of C$4.04 and a 200 day simple moving average of C$6.42. The firm has a market capitalization of C$266.67 million, a P/E ratio of -2.41 and a beta of 2.76. The company has a quick ratio of 1.98, a current ratio of 0.32 and a debt-to-equity ratio of 385.35.

Dye & Durham (TSE:DND) last issued its earnings results on Saturday, January 31st. The company reported C($0.58) earnings per share (EPS) for the quarter. Dye & Durham had a negative net margin of 37.25% and a negative return on equity of 40.98%. The business had revenue of C$91.78 million for the quarter. As a group, research analysts forecast that Dye & Durham Limited will post 0.1121051 EPS for the current year.

About Dye & Durham

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.