Dorel Industries (TSE:DII.B) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Dorel Industries Inc. (TSE:DII.BGet Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.72 and traded as high as C$1.90. Dorel Industries shares last traded at C$1.84, with a volume of 15,330 shares traded.

Wall Street Analyst Weigh In

Separately, TD Securities upped their price target on Dorel Industries from C$1.50 to C$2.25 and gave the company a “hold” rating in a report on Thursday, March 12th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$2.13.

Check Out Our Latest Research Report on DII.B

Dorel Industries Stock Performance

The stock has a market cap of C$63.77 million, a PE ratio of -0.42, a price-to-earnings-growth ratio of -0.11 and a beta of 0.86. The stock has a fifty day moving average of C$1.81 and a 200-day moving average of C$1.72. The company has a quick ratio of 0.64, a current ratio of 1.45 and a debt-to-equity ratio of 287.70.

Dorel Industries (TSE:DII.BGet Free Report) last posted its quarterly earnings data on Tuesday, March 10th. The company reported C($0.48) earnings per share for the quarter. Dorel Industries had a negative net margin of 6.47% and a negative return on equity of 48.11%. The firm had revenue of C$361.20 million during the quarter. On average, equities analysts forecast that Dorel Industries Inc. will post 0.7015306 EPS for the current year.

About Dorel Industries

(Get Free Report)

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. Dorel Juvenile segment is engaged in the design, sourcing, manufacturing, distribution, and retail of children’s accessories which include infant car seats, strollers, high chairs, and infant health and safety aids.

Further Reading

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