Dye & Durham (TSE:DND) Reaches New 1-Year High – Should You Buy?

Shares of Dye & Durham Limited (TSE:DND) hit a new 52-week high during trading on Friday . The company traded as high as C$22.59 and last traded at C$22.32, with a volume of 372018 shares traded. The stock had previously closed at C$19.74.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DND shares. BMO Capital Markets raised their price objective on shares of Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group boosted their price objective on Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. Finally, CIBC increased their price target on shares of Dye & Durham from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Dye & Durham currently has a consensus rating of “Buy” and a consensus price target of C$22.92.

Dye & Durham Trading Up 11.4 %

The company has a market capitalization of C$1.47 billion, a P/E ratio of -7.51 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 business’s 50-day moving average price is C$18.42 and its two-hundred day moving average price is C$15.07.

Dye & Durham (TSE:DND) last released its quarterly earnings results on Thursday, November 7th. The company reported C($0.14) 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$119.93 million for the quarter, compared to analyst estimates of C$120.30 million. As a group, analysts forecast that Dye & Durham Limited will post 0.1121051 EPS for the current fiscal year.

Dye & Durham Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a $0.019 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Thursday, November 14th. Dye & Durham’s dividend 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.