Dye & Durham (TSE:DND) Trading Up 11.8% – Time to Buy?

Dye & Durham Limited (TSE:DND) shares were up 11.8% during trading on Monday . The company traded as high as C$13.14 and last traded at C$13.14. Approximately 120,816 shares were traded during trading, a decline of 34% from the average daily volume of 184,268 shares. The stock had previously closed at C$11.75.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DND shares. Canaccord Genuity Group reduced their price target on shares of Dye & Durham from C$27.50 to C$23.00 in a research report on Friday, February 14th. CIBC dropped their price objective on shares of Dye & Durham from C$30.00 to C$25.00 in a report on Friday, February 14th. Scotiabank dropped their price objective on shares of Dye & Durham from C$25.00 to C$20.00 in a report on Friday, February 14th. BMO Capital Markets dropped their price objective on shares of Dye & Durham from C$22.00 to C$20.00 in a report on Friday, February 14th. Finally, Cormark downgraded shares of Dye & Durham from a “moderate buy” rating to a “hold” rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Dye & Durham presently has a consensus rating of “Moderate Buy” and an average target price of C$22.50.

Dye & Durham Trading Down 0.8 %

The firm’s 50-day simple moving average is C$15.68 and its 200-day simple moving average is C$16.19. The company has a quick ratio of 1.98, a current ratio of 0.32 and a debt-to-equity ratio of 385.35. The firm has a market capitalization of C$906.68 million, a PE ratio of -5.31 and a beta of 2.09.

Insider Buying and Selling at Dye & Durham

In other news, Director Eric Shahinian bought 12,300 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was bought at an average cost of C$17.35 per share, for a total transaction of C$213,433.29. Also, insider Plantro Ltd. sold 1,000,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of C$19.15, for a total transaction of C$19,150,000.00. Company insiders own 25.60% of the company’s stock.

Dye & Durham Company Profile

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.