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Dye & Durham ( (TSE:DND) ) has shared an update.
Dye & Durham Limited announced the issuance of a temporary management cease trade order by the Ontario Securities Commission due to delayed filing of its annual financial statements. This order restricts trading by certain insiders but not by other shareholders, and the company is working to resolve issues raised by the OSC without expecting impacts on its previously reported results.
The most recent analyst rating on (TSE:DND) stock is a Buy with a C$16.00 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Spark’s Take on TSE:DND Stock
According to Spark, TipRanks’ AI Analyst, TSE:DND is a Neutral.
Dye & Durham’s overall score reflects financial challenges, including high leverage and net losses, which are the most significant concerns. However, strategic initiatives in corporate governance and operations, along with improved customer metrics, provide some optimism. Technical indicators and valuation also suggest caution in the short term.
To see Spark’s full report on TSE:DND stock, click here.
More about Dye & Durham
Dye & Durham Limited provides premier practice management solutions, delivers vital data insights for corporate transactions, and enables essential payments infrastructure. The company operates in Canada, the UK, Ireland, Australia, and South Africa.
Average Trading Volume: 231,113
Technical Sentiment Signal: Sell
Current Market Cap: C$526.6M
Learn more about DND stock on TipRanks’ Stock Analysis page.