Dye & Durham Limited (TSE:DND) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Dye & Durham Limited (TSE:DND) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$13.50.

DND has been the subject of several research analyst reports. BMO Capital Markets downgraded Dye & Durham from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Dye & Durham from C$8.50 to C$4.50 in a research report on Monday, December 15th.

Dye & Durham Stock Up 7.9%

Dye & Durham stock opened at C$3.96 on Thursday. 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’s 50-day moving average is C$4.05 and its 200-day moving average is C$5.85. The firm has a market capitalization of C$266.00 million, a PE ratio of -2.37 and a beta of 2.76. Dye & Durham has a fifty-two week low of C$2.63 and a fifty-two week high of C$13.79.

Dye & Durham (TSE:DND) last posted its quarterly earnings results on Monday, February 16th. The company reported C($0.32) EPS for the quarter. The business had revenue of C$107.02 million for the quarter. Dye & Durham had a negative return on equity of 40.98% and a negative net margin of 37.25%. Sell-side analysts anticipate that Dye & Durham will post 0.1121051 earnings per share for the current year.

Insider Activity

In other news, insider Plantro Ltd. bought 714,600 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were bought at an average price of C$4.15 per share, with a total value of C$2,965,590.00. Following the completion of the transaction, the insider owned 8,717,510 shares of the company’s stock, valued at C$36,177,666.50. This trade represents a 8.93% increase in their ownership of the stock. 25.60% of the stock is currently owned by corporate 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.