Dye & Durham (OTCMKTS:DYNDF) Stock Price Down 9.3% – Should You Sell?

Dye & Durham Limited (OTCMKTS:DYNDF) shares traded down 9.3% on Wednesday . The stock traded as low as $2.63 and last traded at $2.63. 2,000 shares traded hands during trading, a decline of 26% from the average session volume of 2,700 shares. The stock had previously closed at $2.90.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. CIBC cut shares of Dye & Durham from an “outperform” rating to a “neutral” rating in a report on Friday, October 3rd. BMO Capital Markets cut shares of Dye & Durham from an “outperform” rating to a “market perform” rating in a research report on Friday, November 14th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Dye & Durham Stock Down 9.3%

The company’s fifty day moving average price is $2.75 and its 200 day moving average price is $5.15.

About Dye & Durham

Dye & Durham is a provider of cloud-based software and integrated services tailored to the legal, real estate and corporate sectors. Headquartered in Toronto, Canada, the company delivers a unified platform that automates critical workflows for law firms, notaries, corporations and government agencies. Its offerings include electronic filing, land title and corporate registry services, compliance reporting, and end-to-end transaction support, all accessible via a software-as-a-service model.

Operating across Canada as well as in the United Kingdom and Ireland, Dye & Durham serves thousands of customers spanning solo practitioners to large multinational firms.