Dye & Durham (TSE:DND) Reaches New 12-Month Low – Here’s What Happened

Dye & Durham Limited (TSE:DND)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as C$10.25 and last traded at C$10.67, with a volume of 151460 shares traded. The stock had previously closed at C$10.71.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Scotiabank dropped their target price on shares of Dye & Durham from C$25.00 to C$20.00 in a report on Friday, February 14th. Canaccord Genuity Group lowered their price objective on shares of Dye & Durham from C$27.50 to C$23.00 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 note on Friday, February 14th. BMO Capital Markets decreased their target price on Dye & Durham from C$22.00 to C$20.00 in a research note on Friday, February 14th. Finally, CIBC dropped their price target on Dye & Durham from C$30.00 to C$25.00 in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$22.50.

Dye & Durham Trading Down 0.4 %

The firm’s 50-day simple moving average is C$13.13 and its 200 day simple moving average is C$15.98. The stock has a market cap of C$743.03 million, a P/E ratio of -4.36 and a beta of 2.09. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35.

Insider Buying and Selling

In related news, insider Plantro Ltd. purchased 89,400 shares of the company’s stock in a transaction on Monday, February 24th. The shares were bought at an average cost of C$12.48 per share, for a total transaction of C$1,115,667.30. 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.