Dye & Durham (TSE:DND) Sets New 12-Month Low – What’s Next?

Shares of Dye & Durham Limited (TSE:DND) reached a new 52-week low on Friday . The stock traded as low as C$0.68 and last traded at C$0.69, with a volume of 180877 shares. The stock had previously closed at C$0.72.

Analyst Ratings Changes

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

Dye & Durham Stock Performance

The firm has a market cap of C$47.70 million, a price-to-earnings ratio of -2.03 and a beta of 2.94. The stock has a 50-day moving average of C$1.11 and a 200-day moving average of C$2.70. The company has a debt-to-equity ratio of 484.73, a quick ratio of 1.98 and a current ratio of 0.45.

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.