Dye & Durham (TSE:DND) Trading Down 11% – Should You Sell?

Dye & Durham Limited (TSE:DND)’s share price traded down 11% on Monday . The company traded as low as C$1.84 and last traded at C$1.86. 326,860 shares were traded during trading, an increase of 44% from the average session volume of 226,762 shares. The stock had previously closed at C$2.09.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial cut their target price 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. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$10.80.

Dye & Durham Stock Down 12.9%

The firm has a 50-day moving average of C$3.22 and a two-hundred day moving average of C$3.77. 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 firm has a market capitalization of C$122.27 million, a PE ratio of -5.20 and a beta of 2.95.

Dye & Durham (TSE:DND) last issued its quarterly earnings data on Friday, May 15th. The company reported C$0.98 EPS for the quarter. Dye & Durham had a negative return on equity of 9.67% and a negative net margin of 5.92%.The company had revenue of C$91.18 million for the quarter. On average, equities 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.