Dye & Durham (TSE:DND) Sets New 12-Month High - Here's Why

Shares of Dye & Durham Limited (TSE:DND - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$18.78 and last traded at C$18.50, with a volume of 631202 shares. The stock had previously closed at C$16.90.

Wall Street Analyst Weigh In

DND has been the subject of a number of research analyst reports. Cormark cut their price objective on Dye & Durham from C$23.00 to C$17.50 in a research report on Monday, July 22nd. CIBC raised their price target on Dye & Durham from C$21.00 to C$22.00 and gave the company an "outperform" rating in a report on Thursday, September 5th.

Dye & Durham Price Performance

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 firm's 50-day moving average price is C$14.87 and its 200-day moving average price is C$13.96. The stock has a market capitalization of C$1.24 billion, a PE ratio of -6.31 and a beta of 2.09.

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

Dye & Durham Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 12th were given a $0.019 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.41%. Dye & Durham's dividend payout ratio is presently -2.73%.

About Dye & Durham

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.