Dorel Industries (TSE:DII.B) Shares Cross Above 200 Day Moving Average – Here’s Why

Dorel Industries Inc. (TSE:DII.B)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.53 and traded as high as C$1.56. Dorel Industries shares last traded at C$1.52, with a volume of 27,008 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. TD Securities upgraded shares of Dorel Industries from a “sell” rating to a “hold” rating and boosted their target price for the company from C$1.00 to C$2.50 in a research report on Thursday, October 9th. BMO Capital Markets boosted their price objective on Dorel Industries from C$1.50 to C$2.00 in a report on Friday, October 3rd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$2.25.

Dorel Industries Stock Down 0.7%

The firm has a market cap of C$49.65 million, a PE ratio of -0.26, a PEG ratio of -0.11 and a beta of 1.13. The business’s 50 day moving average price is C$1.74 and its 200 day moving average price is C$1.53. The company has a debt-to-equity ratio of 287.70, a current ratio of 1.45 and a quick ratio of 0.64.

Dorel Industries (TSE:DII.B) last posted its quarterly earnings data on Friday, November 7th. The company reported C($1.45) EPS for the quarter. Dorel Industries had a negative return on equity of 48.11% and a negative net margin of 6.47%.The firm had revenue of C$415.73 million for the quarter. On average, equities research analysts expect that Dorel Industries Inc. will post 0.7015306 earnings per share for the current year.

About Dorel Industries

Dorel Industries Inc is a Canadian company that sells juvenile products and furniture. Its segments include Dorel Home and Dorel Juvenile. Dorel Home segment is engaged in the design, sourcing, manufacturing, and distribution of ready-to-assemble furniture and home furnishings which include metal folding furniture, futons, children’s furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.