Dye & Durham (TSE:DND) Stock Price Down 0.6% – Time to Sell?

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

Analysts Set New Price Targets

DND has been the subject of a number of research analyst reports. Scotiabank dropped their price target on Dye & Durham from C$18.00 to C$14.00 and set an “outperform” rating for the company in a research report on Thursday, May 22nd. BMO Capital Markets dropped their target price on 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. CIBC dropped their target price on 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. Cormark upgraded Dye & Durham from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, June 3rd. Finally, Canaccord Genuity Group dropped their target price on 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. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, Dye & Durham has a consensus rating of “Buy” and a consensus target price of C$18.17.

Dye & Durham Stock Down 0.6%

The company has a debt-to-equity ratio of 385.35, a quick ratio of 1.98 and a current ratio of 0.32. The stock has a 50-day moving average of C$9.77 and a two-hundred day moving average of C$11.70. The company has a market cap of C$669.91 million, a P/E ratio of -3.93 and a beta of 2.09.

Insider Buying and Selling

In related news, Senior Officer Avjit Kamboj purchased 10,681 shares of the firm’s stock in a transaction on Monday, June 23rd. The shares were acquired at an average cost of C$9.36 per share, with a total value of C$99,974.16. Also, insider Plantro Ltd. sold 350,000 shares of Dye & Durham 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 acquired a total of 247,681 shares of company stock worth $2,428,784 over the last ninety days. Insiders own 25.60% of the company’s stock.

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.