Dorel Industries (TSE:DII.B) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Dorel Industries Inc. (TSE:DII.B)’s stock price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$1.42 and traded as high as C$1.45. Dorel Industries shares last traded at C$1.44, with a volume of 26,200 shares changing hands.

Wall Street Analyst Weigh In

Separately, TD lowered their price target on shares of Dorel Industries from C$2.00 to C$1.50 and set a “hold” rating for the company in a research report on Friday, August 7th. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$1.88.

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 market cap of C$49.58 million, a PE ratio of -0.34, a price-to-earnings-growth ratio of -0.11 and a beta of 1.01. The business has a fifty day simple moving average of C$1.42 and a two-hundred day simple moving average of C$1.62.

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.