Dye & Durham (TSE:DND) Raised to “Moderate Buy” at Cormark

Dye & Durham (TSE:DND) was upgraded by research analysts at Cormark from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also recently commented on DND. Canaccord Genuity Group dropped their target price on shares of Dye & Durham from C$19.00 to C$16.00 and set a “buy” rating for the company in a report on Thursday, May 22nd. BMO Capital Markets dropped 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 report on Thursday, May 22nd. CIBC dropped their price objective on shares of Dye & Durham from C$21.00 to C$17.00 and set an “outperform” rating for the company in a report on Thursday, May 22nd. Finally, Scotiabank dropped their price objective on shares of Dye & Durham from C$18.00 to C$14.00 and set an “outperform” rating for the company in a report on Thursday, May 22nd. Four research 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$18.42.

Dye & Durham Trading Down 0.5%

DND opened at C$10.50 on Tuesday. The stock has a market capitalization of C$731.20 million, a price-to-earnings ratio of -4.29 and a beta of 2.09. The company has a quick ratio of 1.98, a current ratio of 0.32 and a debt-to-equity ratio of 385.35. Dye & Durham has a twelve month low of C$7.85 and a twelve month high of C$22.59. The company has a 50-day simple moving average of C$9.24 and a 200 day simple moving average of C$13.49.

Insider Transactions at Dye & Durham

In related news, insider Plantro Ltd. acquired 26,000 shares of Dye & Durham stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of C$10.42 per share, with a total value of C$270,953.80. Insiders purchased a total of 236,600 shares of company stock valued at $2,325,082 in the last quarter. 25.60% of the stock is currently owned by company insiders.

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.