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

Dorel Industries Inc. (TSE:DII.B)’s share price 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 Analysts Forecast Growth

Separately, TD Securities lifted their target price 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 analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$2.13.

Dorel Industries Price Performance

The stock’s 50 day moving average is C$1.80 and its two-hundred day moving average is C$1.73. The stock has a market capitalization of C$63.07 million, a PE ratio of -0.42, a price-to-earnings-growth ratio of -0.11 and a beta of 0.86. The company has a debt-to-equity ratio of 287.70, a current ratio of 1.45 and a quick ratio of 0.64.

Dorel Industries (TSE:DII.B) last issued its quarterly earnings results on Tuesday, March 10th. The company reported C($0.48) earnings per share (EPS) for the quarter. Dorel Industries had a negative return on equity of 48.11% and a negative net margin of 6.47%.The firm had revenue of C$361.20 million during the quarter. As a group, sell-side analysts forecast that Dorel Industries Inc. will post 0.7015306 earnings per share for the current fiscal 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.