Insider Buying: Dye & Durham (TSE:DND) Director Acquires C$172,500.00 in Stock

Dye & Durham Limited (TSE:DND) Director Alan Roy Hibben acquired 50,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was acquired at an average price of C$3.45 per share, with a total value of C$172,500.00. Following the transaction, the director owned 50,000 shares in the company, valued at approximately C$172,500. The trade was a ∞ increase in their position.

Dye & Durham Price Performance

Dye & Durham stock opened at C$4.84 on Tuesday. The business’s fifty day moving average is C$4.13 and its two-hundred day moving average is C$5.49. The company has a debt-to-equity ratio of 726.94, a quick ratio of 1.98 and a current ratio of 0.68. The firm has a market cap of C$325.11 million, a P/E ratio of -2.90 and a beta of 2.58. Dye & Durham Limited has a 52 week low of C$2.63 and a 52 week high of C$13.79.

Dye & Durham (TSE:DND) last announced its earnings results on Monday, February 16th. The company reported C($0.32) earnings per share for the quarter. The business had revenue of C$107.02 million during the quarter. Dye & Durham had a negative net margin of 26.66% and a negative return on equity of 43.96%. Equities research analysts forecast that Dye & Durham Limited will post 0.1121051 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DND. Canadian Imperial Bank of Commerce reduced their target price on shares of Dye & Durham from C$8.50 to C$4.50 in a research report on Monday, December 15th. BMO Capital Markets lowered shares of Dye & Durham from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dye & Durham presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.50.

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.