Dye & Durham (TSE:DND) Trading Down 15.1% – What’s Next?

Dye & Durham Limited (TSE:DND) fell 15.1% during mid-day trading on Tuesday . The stock traded as low as C$12.19 and last traded at C$12.46. 252,729 shares changed hands during mid-day trading, an increase of 23% from the average session volume of 206,296 shares. The stock had previously closed at C$14.68.

Analysts Set New Price Targets

DND has been the subject of a number of recent research reports. Canaccord Genuity Group upped their price objective on Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. Canaccord Genuity Group decreased their price objective on shares of Dye & Durham from C$27.50 to C$23.00 in a report on Friday, February 14th. BMO Capital Markets decreased their price target on shares of Dye & Durham from C$22.00 to C$20.00 in a research report on Friday, February 14th. Cormark downgraded shares of Dye & Durham from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Scotiabank reduced their price objective on Dye & Durham from C$25.00 to C$20.00 in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.50.

Dye & Durham Trading Down 11.4 %

The firm has a market capitalization of C$905.99 million, a PE ratio of -5.31 and a beta of 2.09. The company has a debt-to-equity ratio of 385.35, a current ratio of 0.32 and a quick ratio of 1.98. The company has a fifty day moving average of C$15.84 and a 200-day moving average of C$16.21.

Insiders Place Their Bets

In other Dye & Durham news, Director Eric Shahinian acquired 12,300 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was purchased at an average cost of C$17.35 per share, for a total transaction of C$213,433.29. Also, insider Plantro Ltd. sold 1,778,900 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of C$15.16, for a total value of C$26,967,768.22. 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.