Dye & Durham (TSE:DND) Releases Quarterly Earnings Results

Dye & Durham (TSE:DND) issued its quarterly earnings results on Saturday. The company reported C($0.58) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$91.78 million for the quarter. Dye & Durham had a negative net margin of 37.25% and a negative return on equity of 40.98%.

Dye & Durham Stock Performance

Shares of Dye & Durham stock opened at C$4.17 on Monday. The company has a market cap of C$280.10 million, a P/E ratio of -1.71 and a beta of 3.09. The firm has a 50-day simple moving average of C$3.94 and a two-hundred day simple moving average of C$6.60. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32. Dye & Durham has a fifty-two week low of C$2.63 and a fifty-two week high of C$21.93.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. CIBC cut their price objective on shares of Dye & Durham from C$8.50 to C$4.50 in a research note on Monday, December 15th. BMO Capital Markets lowered shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dye & Durham presently has a consensus rating of “Moderate Buy” and an average target price of C$13.50.

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.