Dorel Industries Inc. (TSE:DII.B – Get Free Report) fell 14.3% during trading on Thursday . The stock traded as low as C$1.30 and last traded at C$1.38. Approximately 114,997 shares were traded during trading, an increase of 450% from the average session volume of 20,913 shares. The stock had previously closed at C$1.61.
Wall Street Analyst Weigh In
Separately, TD lowered their target price on Dorel Industries from C$2.00 to C$1.50 and set a “hold” rating for the company in a report on Friday. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Dorel Industries presently has a consensus rating of “Hold” and an average target price of C$1.92.
View Our Latest Analysis on Dorel Industries
Dorel Industries Price Performance
Dorel Industries (TSE:DII.B – Get Free Report) 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 for the quarter. Dorel Industries had a negative net margin of 6.47% and a negative return on equity of 48.11%. On average, research analysts forecast that Dorel Industries Inc. will post 0.7015306 EPS for the current 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.
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