Dye & Durham (TSE:DND) Trading 12.1% Higher – Here’s What Happened

Dye & Durham Limited (TSE:DND)’s stock price shot up 12.1% during trading on Monday . The company traded as high as C$11.73 and last traded at C$11.69. 442,375 shares traded hands during trading, an increase of 95% from the average session volume of 227,248 shares. The stock had previously closed at C$10.43.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DND shares. BMO Capital Markets reduced their price target on shares of Dye & Durham from C$20.00 to C$16.00 and set an “outperform” rating for the company in a research report on Thursday, May 22nd. Cormark upgraded shares of Dye & Durham from a “hold” rating to a “moderate buy” rating in a report on Tuesday, June 3rd. CIBC decreased their price objective on shares of Dye & Durham from C$17.00 to C$16.00 in a report on Monday, July 21st. Scotiabank boosted their price objective on shares of Dye & Durham from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Raymond James Financial decreased their price objective on shares of Dye & Durham from C$17.00 to C$15.00 and set an “outperform” rating for the company in a report on Wednesday, July 16th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, Dye & Durham presently has an average rating of “Buy” and a consensus price target of C$17.92.

Dye & Durham Stock Up 12.1%

The company has a quick ratio of 1.98, a current ratio of 0.32 and a debt-to-equity ratio of 385.35. The company’s fifty day moving average is C$10.13 and its 200-day moving average is C$10.30. The company has a market cap of C$785.57 million, a PE ratio of -4.79 and a beta of 2.40.

Insider Transactions at Dye & Durham

In related news, Senior Officer Avjit Kamboj bought 10,681 shares of the company’s stock in a transaction that occurred on Monday, June 23rd. The shares were bought at an average price of C$9.36 per share, for a total transaction of C$99,974.16. Corporate insiders own 25.60% of the company’s stock.

Dye & Durham Company Profile

Dye & Durham Ltd is engaged in providing cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. The company has business operations in Canada and the United Kingdom. The customers include law firms, financial service institutions, and government organizations.