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

Dorel Industries Inc. (TSE:DII.B) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.70 and traded as high as C$1.75. Dorel Industries shares last traded at C$1.75, with a volume of 5,011 shares.

Analyst Ratings Changes

Several brokerages have recently commented on DII.B. TD Securities increased their target price on shares of Dorel Industries from C$1.50 to C$2.25 and gave the company a “hold” rating in a report on Thursday, March 12th. TD reduced their price objective on shares of Dorel Industries from C$2.25 to C$2.00 and set a “hold” rating for the company in a research report on Monday, May 11th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$2.08.

Dorel Industries Stock Performance

The company has a debt-to-equity ratio of 287.70, a current ratio of 1.45 and a quick ratio of 0.64. The company has a 50 day simple moving average of C$1.60 and a 200-day simple moving average of C$1.70. The stock has a market capitalization of C$60.59 million, a P/E ratio of -0.41, a price-to-earnings-growth ratio of -0.11 and a beta of 0.84.

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

Dorel Industries Company Profile

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.