Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Dye & Durham ( (TSE:DND) ) has issued an announcement.
Dye & Durham has completed the sale of its UK-based subsidiary Credas Technologies to SmartSearch for approximately £77.8 million, with all net proceeds earmarked for repaying senior secured debt as part of a broader effort to deleverage and strengthen its balance sheet. Management says the divestiture marks a key step in simplifying the business and refocusing on core legal software platforms, while a new commercial agreement with Credas and SmartSearch is designed to ensure ongoing service continuity for Dye & Durham’s practice management and data insights customers in the UK.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 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 is a provider of cloud-based legal practice management software and related solutions, offering premier practice management tools for legal professionals, data insights to support corporate transactions, and payments infrastructure used by governments and financial institutions. The company operates across Canada, the United Kingdom, Ireland, Australia and South Africa, serving a broad base of professional, public sector and financial industry clients.
Average Trading Volume: 746,000
Technical Sentiment Signal: Sell
Current Market Cap: C$280.1M
See more data about DND stock on TipRanks’ Stock Analysis page.