Dorel Industries (OTCMKTS:DIIBF) Upgraded at TD Securities

TD Securities upgraded shares of Dorel Industries (OTCMKTS:DIIBF) to a hold rating in a report issued on Friday,Zacks.com reports.

Dorel Industries Price Performance

OTCMKTS:DIIBF opened at $1.08 on Friday. The stock has a fifty day simple moving average of $1.14 and a 200 day simple moving average of $1.24. The firm has a market capitalization of $37.44 million, a price-to-earnings ratio of -0.25 and a beta of 1.56. Dorel Industries has a 1-year low of $0.83 and a 1-year high of $1.76.

Dorel Industries (OTCMKTS:DIIBF) last announced its earnings results on Thursday, May 7th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by ($0.07). The business had revenue of $267.84 million for the quarter, compared to the consensus estimate of $299.70 million.

Dorel Industries Company Profile

Dorel Industries Inc is a publicly traded Canadian company engaged in the design, manufacture and distribution of consumer products across two core segments. Headquartered in Montreal, Quebec, Dorel serves retailers and end consumers in North America, Europe and select markets in Asia and Latin America. The company markets globally recognized brands and maintains an integrated supply chain encompassing product development, manufacturing and distribution.

The Dorel Juvenile segment produces a wide range of baby and children’s products, including car seats, strollers, high chairs, play yards and nursery furniture.