Dye & Durham (TSE:DND) Sets New 12-Month Low - What's Next?

Key Points

• Dye & Durham's shares fell to a **new 52-week low** of C$6.27 during trading, indicating potential volatility in the stock's performance.
• Recent **analyst ratings** show a mix of projections, with Canaccord Genuity lowering its price target to C$14.50 while Scotiabank raised its target to C$16.00, reflecting divided sentiment among investors.
• The company's **market capitalization** stands at C$422.69 million, with notably high debt-to-equity ratio of 385.35, suggesting potential financial risk.

Shares of Dye & Durham Limited (TSE:DND - Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as C$6.27 and last traded at C$6.32, with a volume of 300058 shares traded. The stock had previously closed at C$6.52.

Wall Street Analysts Forecast Growth

DND has been the subject of several research analyst reports. Canaccord Genuity Group dropped their price target on shares of Dye & Durham from C$16.00 to C$14.50 and set a "buy" rating for the company in a research report on Wednesday, July 9th. CIBC lowered shares of Dye & Durham from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from C$16.00 to C$8.50 in a research report on Friday, October 3rd. Scotiabank increased their price objective on shares of Dye & Durham from C$14.00 to C$16.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Cormark dropped their price objective on shares of Dye & Durham from C$17.00 to C$15.00 in a research report on Thursday, September 18th. Finally, Cibc World Mkts lowered shares of Dye & Durham from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Dye & Durham currently has an average rating of "Moderate Buy" and an average price target of C$16.43.

Dye & Durham Stock Down 3.5%

The firm has a market capitalization of C$422.69 million, a PE ratio of -2.58 and a beta of 2.26. The firm's 50 day moving average price is C$9.34 and its two-hundred day moving average price is C$9.46. The company has a quick ratio of 1.98, a current ratio of 0.32 and a debt-to-equity ratio of 385.35.

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.

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