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

Dye & Durham Limited (TSE:DND) shares hit a new 52-week high on Tuesday . The stock 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 Analysts Forecast Growth

Several equities research analysts have commented on DND shares. BMO Capital Markets upped their price target on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Cormark reduced their price target on Dye & Durham from C$23.00 to C$17.50 in a report on Monday, July 22nd. Finally, CIBC boosted their price objective 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. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$22.08.

Dye & Durham Stock Performance

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 firm’s fifty day moving average is C$15.88 and its 200 day moving average is C$14.16. The firm has a market capitalization of C$1.33 billion, a price-to-earnings ratio of -6.78 and a beta of 2.09.

Dye & Durham (TSE:DND) last issued its quarterly earnings results on Wednesday, September 4th. The company reported C$0.12 EPS for the quarter. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. The company had revenue of C$120.12 million during the quarter, compared to analyst estimates of C$119.81 million. On average, analysts predict that Dye & Durham Limited will post 0.1121051 EPS for the current fiscal year.

Dye & Durham Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.38%. Dye & Durham’s dividend payout ratio is -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.