Dye & Durham (TSE:DND) Sets New 12-Month High – Here’s What Happened

Dye & Durham Limited (TSE:DND)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$19.94 and last traded at C$19.94, with a volume of 3587 shares traded. The stock had previously closed at C$19.71.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DND shares. BMO Capital Markets lifted their price objective on Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Cormark cut their price target on shares of Dye & Durham from C$23.00 to C$17.50 in a research report on Monday, July 22nd. Finally, CIBC upped their price objective on shares of Dye & Durham from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dye & Durham presently has a consensus rating of “Buy” and an average price target of C$22.08.

Dye & Durham Trading Up 0.7 %

The company has a debt-to-equity ratio of 402.18, a quick ratio of 1.98 and a current ratio of 1.00. The stock has a 50-day moving average price of C$15.88 and a two-hundred day moving average price of C$14.16. The stock has a market capitalization of C$1.33 billion, a PE ratio of -6.78 and a beta of 2.09.

Dye & Durham (TSE:DND) last posted its earnings results on Wednesday, September 4th. The company reported C$0.12 earnings per share for the quarter. The firm had revenue of C$120.12 million for the quarter, compared to the consensus estimate of C$119.81 million. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. As a group, equities analysts forecast that Dye & Durham Limited will post 0.1121051 earnings per share for the current year.

Dye & Durham Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 12th were issued a $0.019 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Thursday, September 12th. Dye & Durham’s dividend payout ratio is presently -2.73%.

Dye & Durham Company Profile

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.