Dorel Industries (TSE:DII.B) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Dorel Industries Inc. (TSE:DII.B)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.69 and traded as low as C$1.54. Dorel Industries shares last traded at C$1.58, with a volume of 11,910 shares traded.

Analyst Ratings Changes

DII.B has been the topic of several recent research reports. TD reduced their target price on shares of Dorel Industries from C$2.25 to C$2.00 and set a “hold” rating on the stock in a research note on Monday, May 11th. TD Securities raised their price objective 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 investment 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 Down 1.9%

The company has a market cap of C$54.35 million, a price-to-earnings ratio of -0.36, a price-to-earnings-growth ratio of -0.11 and a beta of 0.84. The company has a current ratio of 1.45, a quick ratio of 0.64 and a debt-to-equity ratio of 287.70. The firm’s fifty day moving average price is C$1.60 and its 200-day moving average price is C$1.69.

Dorel Industries (TSE:DII.B) last posted its earnings results on Thursday, May 7th. The company reported C($0.90) earnings per share (EPS) for the quarter. The business 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 earnings per share 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.