Dye & Durham (TSE:DND) Reaches New 52-Week Low – Should You Sell?

Dye & Durham Limited (TSE:DND)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as C$10.88 and last traded at C$11.09, with a volume of 61862 shares traded. The stock had previously closed at C$11.28.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DND. BMO Capital Markets lowered their price target on Dye & Durham from C$22.00 to C$20.00 in a research report on Friday, February 14th. Scotiabank dropped their target price on shares of Dye & Durham from C$25.00 to C$20.00 in a research report on Friday, February 14th. Cormark lowered shares of Dye & Durham from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 14th. Canaccord Genuity Group dropped their price objective on shares of Dye & Durham from C$27.50 to C$23.00 in a report on Friday, February 14th. Finally, Canaccord Genuity Group boosted their target price on Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dye & Durham has a consensus rating of “Moderate Buy” and a consensus target price of C$22.50.

Dye & Durham Trading Up 0.4 %

The company has a quick ratio of 1.98, a current ratio of 0.32 and a debt-to-equity ratio of 385.35. The business’s fifty day moving average is C$13.52 and its two-hundred day moving average is C$16.06. The firm has a market cap of C$789.00 million, a price-to-earnings ratio of -4.62 and a beta of 2.09.

Insider Buying and Selling

In other Dye & Durham news, insider Plantro Ltd. sold 1,778,900 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of C$15.16, for a total value of C$26,967,768.22. Also, Director Eric Shahinian bought 12,300 shares of Dye & Durham stock in a transaction on Tuesday, December 31st. The shares were bought at an average price of C$17.35 per share, for a total transaction of C$213,433.29. Corporate insiders own 25.60% of the company’s stock.

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.