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Dye & Durham (TSE:DND) Sets New 52-Week High - Here's What Happened

Dye & Durham logo with Computer and Technology background

Dye & Durham Limited (TSE:DND - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$19.94 and last traded at C$19.94, with a volume of 3587 shares. The stock had previously closed at C$19.71.

Wall Street Analysts Forecast Growth

DND has been the subject of several research reports. BMO Capital Markets lifted their price target on Dye & Durham from C$18.00 to C$23.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. CIBC raised their price objective on Dye & Durham from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a research note on Thursday, September 5th. Finally, Cormark lowered their price objective on Dye & Durham from C$23.00 to C$17.50 in a research note on Monday, July 22nd. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Dye & Durham presently has a consensus rating of "Buy" and an average target price of C$22.08.

Check Out Our Latest Research Report on DND

Dye & Durham Stock Performance

The company has a 50 day moving average price of C$15.88 and a 200-day moving average price of C$14.16. The company has a current ratio of 1.00, a quick ratio of 1.98 and a debt-to-equity ratio of 402.18. The company has a market cap of C$1.32 billion, a P/E ratio of -6.75 and a beta of 2.09.

Dye & Durham (TSE:DND - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The company reported C$0.12 earnings per share (EPS) for the quarter. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. The company had revenue of C$120.12 million for the quarter, compared to analyst estimates of C$119.81 million. On average, equities analysts expect that Dye & Durham Limited will post 0.1121051 earnings per share for the current fiscal year.

Dye & Durham Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 12th were given a dividend of $0.019 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.38%. Dye & Durham's dividend payout ratio is currently -2.73%.

Dye & Durham Company Profile

(Get Free Report)

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.

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