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
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.
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