Dye & Durham (TSE:DND) Stock Price Up 10.3% – What’s Next?

Dye & Durham Limited (TSE:DND)’s stock price shot up 10.3% during mid-day trading on Friday. The stock traded as high as C$1.40 and last traded at C$1.39. Approximately 592,349 shares changed hands during trading, an increase of 85% from the average daily volume of 320,636 shares. The stock had previously closed at C$1.26.

Analyst Ratings Changes

Separately, Raymond James Financial dropped their price objective on Dye & Durham from C$4.00 to C$1.75 and set a “market perform” rating on the stock in a research note on Thursday, October 1st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$3.12.

Dye & Durham Stock Up 11.9%

The stock has a 50-day moving average of C$0.81 and a 200 day moving average of C$1.98. The company has a market capitalization of C$94.73 million, a PE ratio of -2.47 and a beta of 2.45. The company has a quick ratio of 1.98, a current ratio of 0.53 and a debt-to-equity ratio of 463.63.

Dye & Durham (TSE:DND) last announced its quarterly earnings data on Tuesday, September 29th. The company reported C($0.32) earnings per share (EPS) for the quarter. The business had revenue of C$104.17 million during the quarter. Dye & Durham had a negative net margin of 3.40% and a negative return on equity of 5.58%. Sell-side analysts anticipate that Dye & Durham Limited will post 0.1121051 EPS for the current year.

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.