Dye & Durham (TSE:DND) Shares Up 16.2% – Time to Buy?

Dye & Durham Limited (TSE:DND)’s share price traded up 16.2% on Friday . The stock traded as high as C$3.60 and last traded at C$3.15. 515,959 shares were traded during trading, an increase of 66% from the average session volume of 310,553 shares. The stock had previously closed at C$2.71.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Scotiabank upped their price target on Dye & Durham from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Cibc World Mkts lowered Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Cormark dropped their target price on Dye & Durham from C$17.00 to C$15.00 in a report on Thursday, September 18th. CIBC lowered Dye & Durham from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from C$16.00 to C$8.50 in a report on Friday, October 3rd. Finally, BMO Capital Markets cut shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$16.43.

Dye & Durham Stock Performance

The firm has a 50 day simple moving average of C$6.08 and a 200-day simple moving average of C$8.67. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98. The company has a market cap of C$214.37 million, a price-to-earnings ratio of -1.31 and a beta of 2.48.

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.