Dye & Durham (TSE:DND) Reaches New 12-Month High – Here’s What Happened

Dye & Durham Limited (TSE:DND) shares hit a new 52-week high during mid-day trading on Wednesday . The company 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.

Analyst Ratings Changes

A number of brokerages recently issued reports on DND. Cormark dropped their price objective on Dye & Durham from C$23.00 to C$17.50 in a report on Monday, July 22nd. CIBC increased their price objective on Dye & Durham from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th.

Dye & Durham Price Performance

The firm has a market capitalization of C$1.24 billion, a P/E ratio of -6.31 and a beta of 2.09. The company has a debt-to-equity ratio of 402.18, a quick ratio of 1.98 and a current ratio of 1.00. The business has a 50 day simple moving average of C$14.76 and a two-hundred day simple moving average of C$13.94.

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

Dye & Durham Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 12th were paid a $0.019 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.41%. Dye & Durham’s dividend payout ratio is currently -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.