Dye & Durham (TSE:DND) Hits New 1-Year High – Here’s Why

Dye & Durham Limited (TSE:DND) shares hit a new 52-week high on Tuesday . The company traded as high as C$19.94 and last traded at C$19.94, with a volume of 3587 shares trading hands. The stock had previously closed at C$19.71.

Wall Street Analyst Weigh In

DND has been the subject of several research analyst reports. Cormark lowered their price objective on shares of Dye & Durham from C$23.00 to C$17.50 in a report on Monday, July 22nd. BMO Capital Markets lifted their price objective on Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, CIBC increased their target price on Dye & Durham from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Dye & Durham has a consensus rating of “Buy” and an average price target of C$22.08.

Dye & Durham Price Performance

The firm has a market capitalization of C$1.32 billion, a P/E ratio of -6.75 and a beta of 2.09. The firm has a 50-day moving average of C$15.99 and a 200-day moving average of C$14.20. The company has a debt-to-equity ratio of 402.18, a quick ratio of 1.98 and a current ratio of 1.00.

Dye & Durham (TSE:DND) last issued its earnings results on Wednesday, September 4th. The company reported C$0.12 earnings per share 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 analyst estimates of C$119.81 million. As a group, analysts predict that Dye & Durham Limited will post 0.1121051 EPS for the current year.

Dye & Durham Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.019 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.39%. Dye & Durham’s dividend payout ratio is presently -2.73%.

Dye & Durham Company Profile

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.