Dye & Durham (TSE:DND) Stock Price Up 0.7%

Dye & Durham Limited (TSE:DNDGet Free Report)’s share price rose 0.7% during mid-day trading on Monday . The stock traded as high as C$13.07 and last traded at C$12.99. Approximately 72,125 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 186,331 shares. The stock had previously closed at C$12.90.

Analysts Set New Price Targets

Several brokerages recently commented on DND. Scotiabank reduced their target price on Dye & Durham from C$24.00 to C$23.00 in a report on Wednesday, May 15th. Raymond James upped their target price on Dye & Durham from C$16.00 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th. CIBC reduced their target price on Dye & Durham from C$21.50 to C$21.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. Canaccord Genuity Group reduced their target price on Dye & Durham from C$30.00 to C$25.00 and set a “buy” rating on the stock in a report on Monday, February 12th. Finally, Cormark cut their price target on Dye & Durham from C$24.00 to C$23.00 in a report on Wednesday, February 14th.

View Our Latest Report on Dye & Durham

Dye & Durham Price Performance

The firm has a market capitalization of C$869.03 million, a PE ratio of -4.79 and a beta of 2.18. The business has a 50-day moving average of C$14.28 and a 200 day moving average of C$13.96. The company has a current ratio of 1.33, a quick ratio of 1.98 and a debt-to-equity ratio of 286.80.

Dye & Durham (TSE:DNDGet Free Report) last released its quarterly earnings results on Tuesday, May 14th. The company reported C$0.19 EPS for the quarter. The business had revenue of C$107.32 million during the quarter, compared to analyst estimates of C$111.60 million. Dye & Durham had a negative return on equity of 31.62% and a negative net margin of 34.81%. As a group, research analysts anticipate that Dye & Durham Limited will post 0.1101028 EPS for the current fiscal year.

Dye & Durham Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 21st were given a dividend of $0.019 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, May 17th. Dye & Durham’s dividend payout ratio is presently -2.95%.

About Dye & Durham

(Get Free Report)

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.

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