Dye & Durham (TSE:DND) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Dye & Durham Limited (TSE:DND)’s stock price passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$1.23 and traded as low as C$1.02. Dye & Durham shares last traded at C$1.07, with a volume of 2,931,985 shares trading hands.

Wall Street Analyst Weigh In

Separately, Raymond James Financial decreased their price target on Dye & Durham from C$4.00 to C$1.75 and set a “market perform” rating for the company in a research note on Thursday, October 1st. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$3.12.

Dye & Durham Trading Down 43.4%

The company has a quick ratio of 1.98, a current ratio of 0.53 and a debt-to-equity ratio of 463.63. The stock has a 50-day moving average of C$1.23 and a 200 day moving average of C$2.36. The stock has a market cap of C$71.88 million, a PE ratio of -1.88 and a beta of 2.12.

Dye & Durham (TSE:DND) last posted its earnings results on Thursday, November 12th. The company reported C($0.16) earnings per share (EPS) for the quarter. Dye & Durham had a negative net margin of 3.40% and a negative return on equity of 5.58%. The business had revenue of C$94.87 million for the quarter. As a group, sell-side analysts anticipate that Dye & Durham Limited will post 0.11 earnings per share for the current year.

About Dye & Durham

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, Australia, and South Africa.