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Dye & Durham ( (TSE:DND) ) has provided an announcement.
Dye & Durham Limited has announced a bi-weekly default status report following a temporary management cease trade order (MCTO) issued by the Ontario Securities Commission due to delayed filing of its annual financial statements. The MCTO restricts trading by the company’s CEO and CFO but does not affect other shareholders. The company is actively working with advisors and auditors to complete the review process and file the necessary documents promptly, ensuring compliance with alternative information guidelines.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$8.50 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 for legal professionals, delivers vital data insights for corporate transactions, and supports payments infrastructure for government and financial institutions. The company operates in Canada, the United Kingdom, Ireland, Australia, and South Africa.
Average Trading Volume: 291,266
Technical Sentiment Signal: Sell
Current Market Cap: C$451.4M
Learn more about DND stock on TipRanks’ Stock Analysis page.