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

Key Points

• The stock of Dye & Durham Limited reached a new 52-week low of C$7.03 during trading, down from a previous close of C$7.40.
• Recent analyst reports have seen price targets adjusted down, with CIBC setting a target of C$16.00, while Scotiabank raised theirs to C$16.00, providing mixed outlooks on the stock.
• Dye & Durham operates as a provider of cloud-based software and technology solutions, serving clients in Canada and the UK, including legal firms and financial institutions.

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$7.03 and last traded at C$7.08, with a volume of 342546 shares changing hands. The stock had previously closed at C$7.40.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DND. CIBC reduced their price objective on shares of Dye & Durham from C$17.00 to C$16.00 in a research note on Monday, July 21st. Canaccord Genuity Group reduced their price objective 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. Scotiabank lifted their price objective 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. Raymond James Financial reduced 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 research note on Wednesday, July 16th. Finally, Cormark dropped their target price on shares of Dye & Durham from C$17.00 to C$15.00 in a report on Thursday, September 18th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Dye & Durham has an average rating of "Buy" and an average price target of C$17.50.

Dye & Durham Stock Performance

The firm has a market cap of C$467.71 million, a P/E ratio of -2.85 and a beta of 2.25. The stock's 50 day moving average is C$10.01 and its two-hundred day moving average is C$9.83. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98.

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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