Dorel Industries (TSE:DII.B) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Dorel Industries Inc. (TSE:DII.B) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.69 and traded as low as C$1.54. Dorel Industries shares last traded at C$1.58, with a volume of 11,910 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. TD dropped their price target on Dorel Industries from C$2.25 to C$2.00 and set a “hold” rating for the company in a research note on Monday, May 11th. TD Securities boosted their target price on Dorel Industries from C$1.50 to C$2.25 and gave the stock a “hold” rating in a report on Thursday, March 12th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, Dorel Industries presently has an average rating of “Hold” and a consensus target price of C$2.08.

Dorel Industries Trading Up 6.0%

The stock has a market capitalization of C$54.70 million, a price-to-earnings ratio of -0.37, a P/E/G ratio of -0.11 and a beta of 0.84. The company has a debt-to-equity ratio of 287.70, a quick ratio of 0.64 and a current ratio of 1.45. The firm has a fifty day moving average of C$1.60 and a 200-day moving average of C$1.69.

Dorel Industries (TSE:DII.B) last issued its quarterly earnings data on Thursday, May 7th. The company reported C($0.90) EPS for the quarter. Dorel Industries had a negative return on equity of 48.11% and a negative net margin of 6.47%.The company had revenue of C$372.38 million for the quarter. As a group, equities analysts predict that Dorel Industries Inc. will post 0.7015306 earnings per share for the current fiscal year.

About Dorel Industries

Dorel Industries Inc (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel’s strength lies in the diversity, innovation, and quality of its products, as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi ®, Safety 1st¿, and Tiny Love ®, complemented by regional brands such as BebeConfort ®, Cosco Kids ®, Mother’s Choice, and Infanti ®. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture.