Dye & Durham (TSE:DND) Stock Price Down 0.6% - Here's What Happened

Dye & Durham Limited (TSE:DND - Get Free Report) shares traded down 0.6% during mid-day trading on Monday . The stock traded as low as C$9.40 and last traded at C$9.62. 150,651 shares were traded during mid-day trading, a decline of 37% from the average session volume of 238,453 shares. The stock had previously closed at C$9.68.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Scotiabank cut their price target on shares of Dye & Durham from C$18.00 to C$14.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. CIBC lowered their price target on shares of Dye & Durham from C$21.00 to C$17.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Raymond James Financial lowered their price target 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. Cormark upgraded shares of Dye & Durham from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, June 3rd. Finally, Canaccord Genuity Group decreased 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 report on Wednesday, July 9th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$17.71.

Dye & Durham Stock Up 0.5%

The company has a quick ratio of 1.98, a current ratio of 0.32 and a debt-to-equity ratio of 385.35. The company has a market capitalization of C$655.29 million, a PE ratio of -3.84 and a beta of 2.09. The business's 50 day simple moving average is C$9.80 and its 200 day simple moving average is C$11.56.

Insider Buying and Selling

In other news, Senior Officer Avjit Kamboj acquired 10,681 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The shares were purchased at an average price of C$9.36 per share, for a total transaction of C$99,974.16. Also, insider Plantro Ltd. sold 350,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$10.29, for a total value of C$3,599,750.00. Insiders bought 247,681 shares of company stock valued at $2,428,784 over the last three months. 25.60% of the stock is owned by insiders.

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.