Dye & Durham (TSE:DND) Hits New 1-Year Low - What's Next?

Key Points

• Shares of Dye & Durham Limited reached a new 52-week low of C$5.13 during trading, down from C$5.24 at close.
• Several analysts have downgraded their price targets for DND, with Cormark and Raymond James reducing their targets from C$17.00 to C$15.00.
• The stock has an average rating of "Moderate Buy" with a consensus price target of C$16.43 despite recent performance challenges.

Shares of Dye & Durham Limited (TSE:DND - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$5.13 and last traded at C$5.15, with a volume of 401326 shares changing hands. The stock had previously closed at C$5.24.

Analyst Ratings Changes

Several research firms have recently issued reports on DND. Cormark lowered their target price on shares of Dye & Durham from C$17.00 to C$15.00 in a report on Thursday, September 18th. Raymond James Financial decreased their price objective on shares of Dye & Durham from C$17.00 to C$15.00 and set an "outperform" rating for the company in a report on Wednesday, July 16th. Cibc World Mkts lowered shares of Dye & Durham from a "strong-buy" rating to a "hold" rating in a report on Friday, October 3rd. CIBC lowered shares of Dye & Durham from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from C$16.00 to C$8.50 in a report on Friday, October 3rd. Finally, Scotiabank boosted their target price on shares of Dye & Durham from C$14.00 to C$16.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$16.43.

Dye & Durham Stock Performance

The business's 50-day moving average price is C$8.95 and its 200-day moving average price is C$9.34. The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32. The stock has a market cap of C$348.77 million, a P/E ratio of -2.13 and a beta of 2.26.

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.

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