Dye & Durham (TSE:DND) Sets New 52-Week Low - Here's Why

Dye & Durham Limited (TSE:DND - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$7.85 and last traded at C$8.13, with a volume of 7056 shares changing hands. The stock had previously closed at C$8.27.

Analyst Ratings Changes

A number of brokerages have issued reports on DND. BMO Capital Markets lowered their target price on Dye & Durham from C$22.00 to C$20.00 in a report on Friday, February 14th. Scotiabank dropped their target price on Dye & Durham from C$25.00 to C$20.00 in a report on Friday, February 14th. CIBC decreased their price objective on shares of Dye & Durham from C$30.00 to C$25.00 in a 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. Finally, Canaccord Genuity Group decreased their target price on shares of Dye & Durham from C$27.50 to C$23.00 in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Dye & Durham has a consensus rating of "Moderate Buy" and an average price target of C$22.50.

Dye & Durham Trading Down 0.4 %

The company has a market cap of C$570.33 million, a PE ratio of -3.34 and a beta of 2.09. The company has a 50-day moving average of C$12.02 and a 200 day moving average of C$15.61. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98.

Insider Transactions at Dye & Durham

In related news, insider Plantro Ltd. sold 15,000 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of C$12.00, for a total transaction of C$180,000.00. 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.