Dye & Durham (TSE:DND) Hits New 52-Week High – Still a Buy?

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

Wall Street Analyst Weigh In

DND has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group boosted their target price on shares of Dye & Durham from C$27.00 to C$30.00 in a report 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Dye & Durham has an average rating of “Buy” and an average price target of C$22.92.

Dye & Durham Price Performance

The company has a 50 day moving average price of C$18.42 and a 200 day moving average price of C$15.07. The company has a current ratio of 1.00, a quick ratio of 1.98 and a debt-to-equity ratio of 402.18. The company has a market capitalization of C$1.47 billion, a P/E ratio of -7.51 and a beta of 2.09.

Dye & Durham (TSE:DND) last released its quarterly earnings data on Thursday, November 7th. The company reported C($0.14) EPS for the quarter. The company had revenue of C$119.93 million during the quarter, compared to analyst estimates of C$120.30 million. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. On average, equities analysts predict that Dye & Durham Limited will post 0.1121051 EPS for the current fiscal year.

Dye & Durham Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a dividend of $0.019 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.08 annualized dividend and a yield of 0.35%. Dye & Durham’s dividend payout ratio (DPR) 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.