Dye & Durham (TSE:DND) Hits New 1-Year Low – Should You Sell?

Dye & Durham Limited (TSE:DND) shares hit a new 52-week low on Thursday . The company traded as low as C$10.25 and last traded at C$10.67, with a volume of 151460 shares trading hands. The stock had previously closed at C$10.71.

Analyst Ratings Changes

Several brokerages have recently issued reports on DND. Cormark cut shares of Dye & Durham from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 14th. CIBC lowered their price target on Dye & Durham from C$30.00 to C$25.00 in a research report on Friday, February 14th. Canaccord Genuity Group cut their price objective on Dye & Durham from C$27.50 to C$23.00 in a report on Friday, February 14th. BMO Capital Markets decreased their target price on Dye & Durham from C$22.00 to C$20.00 in a report on Friday, February 14th. Finally, Scotiabank cut their price target on shares of Dye & Durham from C$25.00 to C$20.00 in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dye & Durham currently has an average rating of “Moderate Buy” and an average price target of C$22.50.

Dye & Durham Stock Down 0.4 %

The stock has a market capitalization of C$743.03 million, a price-to-earnings ratio of -4.36 and a beta of 2.09. The firm has a 50-day moving average of C$13.13 and a 200 day moving average of C$15.98. The company has a current ratio of 0.32, a quick ratio of 1.98 and a debt-to-equity ratio of 385.35.

Insider Transactions at Dye & Durham

In other news, insider Plantro Ltd. sold 1,778,900 shares of Dye & Durham stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of C$15.16, for a total transaction of C$26,967,768.22. Corporate insiders own 25.60% of the company’s stock.

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.