Dorel Industries (TSE:DII.B) Reaches New 1-Year Low on Analyst Downgrade

Shares of Dorel Industries Inc (TSE:DII.B – Get Rating) hit a new 52-week low during mid-day trading on Thursday after TD Securities lowered their price target on the stock from C$11.50 to C$10.00. TD Securities currently has a buy rating on the stock. Dorel Industries traded as low as C$4.32 and last traded at C$4.23, with a volume of 121302 shares. The stock had previously closed at C$4.25.

Separately, BMO Capital Markets lowered their target price on Dorel Industries from C$7.00 to C$6.00 in a report on Wednesday.

Dorel Industries Price Performance

The company has a quick ratio of 0.64, a current ratio of 1.82 and a debt-to-equity ratio of 153.51. The company has a market cap of C$122.08 million, a price-to-earnings ratio of -0.98, a price-to-earnings-growth ratio of -0.11 and a beta of 2.93. The company has a fifty day simple moving average of C$5.26 and a two-hundred day simple moving average of C$5.35.

About Dorel Industries

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Dorel Industries Inc designs, manufactures, sources, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company's Dorel Home segment engages in the design, manufacture, sourcing, and distribution of ready-to assemble furniture and home furnishings, including metal folding furniture, children's furniture, step stool, hand truck, ladder, outdoor furniture, and other imported furniture and futon products.