Dye & Durham (TSE:DND) Stock Price Down 19.8% – Should You Sell?

Dye & Durham Limited (TSE:DND)’s stock price dropped 19.8% during trading on Monday. The company traded as low as C$1.49 and last traded at C$1.54. 1,508,119 shares changed hands during trading, an increase of 311% from the average session volume of 366,748 shares. The stock had previously closed at C$1.92.

Analysts Set New Price Targets

Separately, Raymond James Financial cut their price target on shares of Dye & Durham from C$4.00 to C$1.75 and set a “market perform” rating on the stock in a research report on Thursday, October 1st. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$3.12.

Dye & Durham Trading Down 20.3%

The business’s 50-day moving average price is C$0.92 and its 200 day moving average price is C$1.88. The company has a market cap of C$102.79 million, a P/E ratio of -2.68 and a beta of 2.45. The company has a debt-to-equity ratio of 463.63, a quick ratio of 1.98 and a current ratio of 0.53.

Dye & Durham (TSE:DND) last released its quarterly earnings data on Tuesday, September 29th. The company reported C($0.32) earnings per share (EPS) for the quarter. The business had revenue of C$104.17 million during the quarter. Dye & Durham had a negative net margin of 3.40% and a negative return on equity of 5.58%. As a group, analysts expect that Dye & Durham Limited will post 0.11 earnings per share for the current year.

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.