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

Key Points

• Dye & Durham set a new 52-week low, trading at C$6.75, down from a previous close of C$7.35.
• Analysts have lowered their price targets, with CIBC reducing its target from C$16.00 to C$8.50 and Raymond James reducing from C$17.00 to C$15.00 while maintaining an "outperform" rating.
• The company has a high debt-to-equity ratio of 385.35 and a market capitalization of C$456.96 million.

Dye & Durham Limited (TSE:DND - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$6.75 and last traded at C$6.80, with a volume of 607430 shares changing hands. The stock had previously closed at C$7.35.

Analyst Ratings Changes

A number of analysts recently weighed in on DND shares. Raymond James Financial lowered their target price on shares of Dye & Durham from C$17.00 to C$15.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 16th. CIBC downgraded shares of Dye & Durham from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from C$16.00 to C$8.50 in a research note on Friday, October 3rd. Canaccord Genuity Group lowered their target price on shares of Dye & Durham from C$16.00 to C$14.50 and set a "buy" rating for the company in a research note on Wednesday, July 9th. Cibc World Mkts downgraded shares of Dye & Durham from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, Cormark lowered their price objective on shares of Dye & Durham from C$17.00 to C$15.00 in a research report on Thursday, September 18th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Dye & Durham currently has a consensus rating of "Moderate Buy" and an average target price of C$16.43.

Dye & Durham Trading Down 7.5%

The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35. The company has a market capitalization of C$456.96 million, a price-to-earnings ratio of -2.79 and a beta of 2.26. The business's 50 day moving average price is C$9.67 and its two-hundred day moving average price is C$9.59.

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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