Dorel Industries Inc. (TSE:DII.B – Get Free Report)’s share 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.
Analysts Set New Price Targets
Separately, TD reduced their target price on shares of Dorel Industries from C$2.00 to C$1.50 and set a “hold” rating on the stock in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Dorel Industries presently has an average rating of “Hold” and an average target price of C$1.88.
View Our Latest Stock Analysis on DII.B
Dorel Industries Stock Up 6.7%
The firm has a market capitalization of C$49.58 million, a PE ratio of -0.34, a PEG ratio of -0.11 and a beta of 1.01. The company has a fifty day simple moving average of C$1.42 and a two-hundred day simple moving average of C$1.62. The company has a debt-to-equity ratio of 287.70, a quick ratio of 0.64 and a current ratio of 1.45.
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.
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