Plantro Ltd. Purchases 89,400 Shares of Dye & Durham Limited (TSE:DND) Stock

Dye & Durham Limited (TSE:DND) insider Plantro Ltd. acquired 89,400 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of C$12.48 per share, with a total value of C$1,115,667.30.

Plantro Ltd. also recently made the following trade(s):

• On Friday, February 21st, Plantro Ltd. sold 15,000 shares of Dye & Durham stock. The shares were sold at an average price of C$12.00, for a total value of C$180,000.00.
• On Thursday, January 16th, Plantro Ltd. sold 1,778,900 shares of Dye & Durham stock. The shares were sold at an average price of C$15.16, for a total value of C$26,967,768.22.
• On Thursday, December 19th, Plantro Ltd. sold 1,000,000 shares of Dye & Durham stock. The shares were sold at an average price of C$19.15, for a total transaction of C$19,150,000.00.

Dye & Durham Price Performance

Shares of TSE:DND opened at C$12.43 on Friday. 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 stock has a market capitalization of C$865.60 million, a PE ratio of -5.07 and a beta of 2.09. The firm’s 50 day moving average price is C$14.38 and its 200-day moving average price is C$16.15. Dye & Durham Limited has a twelve month low of C$10.92 and a twelve month high of C$22.59.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DND shares. CIBC dropped their price objective on Dye & Durham from C$30.00 to C$25.00 in a report on Friday, February 14th. Canaccord Genuity Group reduced their price objective on shares of Dye & Durham from C$27.50 to C$23.00 in a research report on Friday, February 14th. Cormark lowered shares of Dye & Durham from a “moderate buy” rating to a “hold” rating in a report on Friday, February 14th. BMO Capital Markets cut their target price on shares of Dye & Durham from C$22.00 to C$20.00 in a research note on Friday, February 14th. Finally, Canaccord Genuity Group increased their price target on shares of Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$22.50.

About Dye & Durham

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.