Dye & Durham (TSE:DND) Reaches New 1-Year High – Here’s What Happened

Dye & Durham Limited (TSE:DND) shares hit a new 52-week high on Friday . The stock traded as high as C$22.59 and last traded at C$22.32, with a volume of 372018 shares trading hands. The stock had previously closed at C$19.74.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DND. CIBC lifted their target price on shares of Dye & Durham from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. Canaccord Genuity Group lifted their price objective on shares of Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. Finally, BMO Capital Markets increased their target price on shares of Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dye & Durham currently has a consensus rating of “Buy” and a consensus target price of C$22.92.

Dye & Durham Stock Up 13.0 %

The firm has a market capitalization of C$1.49 billion, a price-to-earnings ratio of -7.41 and a beta of 2.09. 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 business’s 50 day moving average is C$18.29 and its 200-day moving average is C$14.99.

Dye & Durham (TSE:DND) last posted its quarterly earnings data on Thursday, November 7th. The company reported C($0.14) EPS for the quarter. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. The business had revenue of C$119.93 million during the quarter, compared to the consensus estimate of C$120.30 million. Equities analysts anticipate that Dye & Durham Limited will post 0.1121051 EPS for the current fiscal year.

Dye & Durham Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a dividend of $0.019 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.34%. Dye & Durham’s payout ratio is -2.73%.

About Dye & Durham

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.