Dye & Durham (TSE:DND) Sets New 52-Week High Following Analyst Upgrade

Dye & Durham Limited (TSE:DND) hit a new 52-week high during trading on Wednesday after BMO Capital Markets raised their price target on the stock from C$18.00 to C$23.00. BMO Capital Markets currently has an outperform rating on the stock. Dye & Durham traded as high as C$18.78 and last traded at C$18.50, with a volume of 631202 shares. The stock had previously closed at C$16.90.

Several other research analysts also recently weighed in on DND. CIBC boosted their price target on Dye & Durham from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Thursday, September 5th. Cormark dropped their target price on Dye & Durham from C$23.00 to C$17.50 in a research note on Monday, July 22nd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Dye & Durham currently has an average rating of “Buy” and an average target price of C$22.08.

Dye & Durham Stock Performance

The stock has a market cap of C$1.26 billion, a PE ratio of -6.44 and a beta of 2.09. The company has a debt-to-equity ratio of 402.18, a current ratio of 1.00 and a quick ratio of 1.98. The stock has a 50-day simple moving average of C$15.12 and a 200-day simple moving average of C$14.00.

Dye & Durham (TSE:DND) last issued its earnings results on Wednesday, September 4th. The company reported C$0.12 earnings per share (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$120.12 million during the quarter, compared to analysts’ expectations of C$119.81 million. Equities analysts predict that Dye & Durham Limited will post 0.1121051 earnings per share for the current fiscal year.

Dye & Durham Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 12th were issued a dividend of $0.019 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.40%. 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.