Dye & Durham (TSE:DND) Shares Up 0.7% - Time to Buy?

Key Points

• Dye & Durham Limited's shares rose by 0.7%, trading last at C$10.60, although trading volume saw a significant 69% decline compared to the average daily volume.
• Recent analyst ratings show mixed expectations, with Canaccord Genuity lowering its price target to C$14.50, while Scotiabank increased its target to C$16.00, reflecting varied outlooks on the stock's performance.
• In insider transactions, Plantro Ltd. sold 350,000 shares, while Senior Officer Avjit Kamboj bought 10,681 shares, indicating active insider trading amidst the company's fluctuating stock performance.

Dye & Durham Limited (TSE:DND - Get Free Report) shot up 0.7% on Friday . The company traded as high as C$10.81 and last traded at C$10.60. 72,445 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 237,220 shares. The stock had previously closed at C$10.53.

Analysts Set New Price Targets

Several research analysts have commented on DND shares. Scotiabank boosted 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 report on Thursday, July 31st. CIBC lowered their price objective on shares of Dye & Durham from C$17.00 to C$16.00 in a research report on Monday, July 21st. Raymond James Financial lowered 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 report on Wednesday, July 16th. Canaccord Genuity Group lowered 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 report on Wednesday, July 9th. Finally, BMO Capital Markets lowered their price objective on shares of Dye & Durham from C$20.00 to C$16.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dye & Durham has a consensus rating of "Buy" and a consensus target price of C$17.92.

Dye & Durham Price Performance

The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98. The firm's 50 day moving average is C$9.92 and its 200 day moving average is C$10.71. The firm has a market cap of C$755.57 million, a P/E ratio of -4.43 and a beta of 2.09.

Insider Activity at Dye & Durham

In other news, insider Plantro Ltd. sold 350,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of C$10.29, for a total transaction of C$3,599,750.00. Also, Senior Officer Avjit Kamboj acquired 10,681 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were bought at an average cost of C$9.36 per share, with a total value of C$99,974.16. In the last quarter, insiders bought 247,681 shares of company stock worth $2,428,784. Insiders own 25.60% of the company's stock.

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.