Dye & Durham Limited (TSE:DND)’s stock price hit a new 52-week low during mid-day trading on Wednesday after Scotiabank lowered their price target on the stock from C$60.00 to C$59.00. The company traded as low as C$31.17 and last traded at C$31.30, with a volume of 546169 shares traded. The stock had previously closed at C$36.50.
A number of other analysts have also issued reports on the company. Raymond James reaffirmed an “outperform” rating and issued a C$77.00 price target on shares of Dye & Durham in a research note on Wednesday. ??? boosted their price objective on Dye & Durham from C$60.00 to C$70.00 in a research note on Tuesday, December 7th. BMO Capital Markets lowered their price objective on Dye & Durham from C$60.00 to C$53.00 in a research note on Wednesday. Finally, CIBC boosted their price objective on Dye & Durham from C$46.00 to C$50.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 8th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$61.80.
The company has a 50 day moving average price of C$41.00 and a 200 day moving average price of C$42.88. The firm has a market cap of C$2.07 billion and a price-to-earnings ratio of -153.74. The company has a debt-to-equity ratio of 77.85, a quick ratio of 1.74 and a current ratio of 1.85.
Dye & Durham (TSE:DND) last announced its quarterly earnings results on Monday, November 8th. The company reported C$0.18 EPS for the quarter. The business had revenue of C$112.62 million during the quarter. On average, research analysts forecast that Dye & Durham Limited will post 1.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 8th. Stockholders of record on Tuesday, March 1st will be paid a $0.019 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Monday, February 28th. Dye & Durham’s dividend payout ratio (DPR) is presently -38.46%.
Dye & Durham Company Profile (TSE:DND)
Dye & Durham Limited, through its subsidiary, Dye & Durham Corporation, provides cloud-based software and technology solutions for legal firms, financial service institutions, and government organizations in Canada and the United Kingdom. Its cloud-based platform automates the public record due diligence searches, document preparation, and electronic public record for legal due diligence, corporate formation and maintenance, lien registration, litigation, and real estate conveyancing.