Dye & Durham (TSE:DND) Shares Down 1.4%

Dye & Durham Limited (TSE:DND) fell 1.4% during trading on Friday . The stock traded as low as C$14.55 and last traded at C$14.55. 35,338 shares were traded during mid-day trading, a decline of 82% from the average session volume of 195,499 shares. The stock had previously closed at C$14.75.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DND. Raymond James lifted their price target on Dye & Durham from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Cormark dropped their price target on Dye & Durham from C$24.00 to C$23.00 in a research report on Wednesday, February 14th. CIBC lowered their price objective on Dye & Durham from C$21.50 to C$21.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. Canaccord Genuity Group lowered their price objective on Dye & Durham from C$30.00 to C$25.00 and set a “buy” rating on the stock in a research report on Monday, February 12th. Finally, Scotiabank set a C$24.00 price objective on Dye & Durham and gave the company an “outperform” rating in a research report on Friday, April 12th.

Dye & Durham Trading Down 1.4 %

The firm has a market capitalization of C$973.25 million, a P/E ratio of -4.92 and a beta of 2.16. The company has a quick ratio of 1.98, a current ratio of 0.89 and a debt-to-equity ratio of 342.22. The business has a 50-day moving average price of C$14.87 and a 200-day moving average price of C$13.41.

Dye & Durham (TSE:DND) last announced its quarterly earnings results on Tuesday, February 13th. The company reported C$0.11 earnings per share for the quarter. Dye & Durham had a negative return on equity of 35.81% and a negative net margin of 37.99%. The firm had revenue of C$110.18 million for the quarter, compared to analysts’ expectations of C$108.20 million. Analysts anticipate that Dye & Durham Limited will post 0.1101028 earnings per share for the current year.

Dye & Durham Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 21st were given a $0.019 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Tuesday, February 20th. Dye & Durham’s dividend payout ratio (DPR) is -2.70%.

Insider Buying and Selling at Dye & Durham

In related news, insider Plantro Ltd. purchased 1,074,500 shares of the stock in a transaction on Tuesday, February 6th. The shares were purchased at an average cost of C$12.10 per share, for a total transaction of C$13,001,450.00. Company insiders own 25.61% of the company’s stock.

About Dye & Durham

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.