Dye & Durham (TSE:DND) Sets New 1-Year Low – Here’s Why

Dye & Durham Limited (TSE:DND) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.68 and last traded at C$0.70, with a volume of 198347 shares changing hands. The stock had previously closed at C$0.73.

Wall Street Analysts Forecast Growth

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

Dye & Durham Stock Performance

The business has a 50-day simple moving average of C$0.92 and a 200 day simple moving average of C$2.43. The company has a debt-to-equity ratio of 484.73, a current ratio of 0.45 and a quick ratio of 1.98. The firm has a market cap of C$46.36 million, a PE ratio of -1.97 and a beta of 3.01.

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.