Dye & Durham (TSE:DND) Reaches New 1-Year High – Still a Buy?

Dye & Durham Limited (TSE:DND)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$21.00 and last traded at C$20.50, with a volume of 169229 shares trading hands. The stock had previously closed at C$18.50.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. CIBC boosted 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 report on Thursday, September 5th. BMO Capital Markets boosted their price objective on shares of Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dye & Durham currently has an average rating of “Buy” and an average price target of C$22.08.

Dye & Durham Price Performance

The firm has a market capitalization of C$1.39 billion, a price-to-earnings ratio of -7.00 and a beta of 2.09. The stock’s fifty day moving average price is C$17.02 and its two-hundred day moving average price is C$14.44. The company has a current ratio of 1.00, a quick ratio of 1.98 and a debt-to-equity ratio of 402.18.

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

Dye & Durham Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.019 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.37%. Dye & Durham’s dividend payout ratio (DPR) is presently -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.