Dorel Industries (TSE:DII.B) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Dorel Industries Inc. (TSE:DII.B) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.70 and traded as high as C$1.71. Dorel Industries shares last traded at C$1.68, with a volume of 27,701 shares changing hands.

Analysts Set New Price Targets

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

Dorel Industries Stock Up 3.1%

The firm has a market cap of C$58.16 million, a price-to-earnings ratio of -0.39, a P/E/G ratio of -0.11 and a beta of 0.79. 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 stock has a 50-day moving average of C$1.60 and a 200-day moving average of C$1.70.

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 company had revenue of C$372.38 million during the quarter. Dorel Industries had a negative net margin of 6.47% and a negative return on equity of 48.11%. Sell-side analysts predict that Dorel Industries Inc. will post 0.7015306 EPS 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.