Dorel Industries (TSE:DII.B) Stock Crosses Above 200 Day Moving Average of $4.65

Dorel Industries Inc (TSE:DII.B) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.65 and traded as high as C$5.46. Dorel Industries shares last traded at C$5.39, with a volume of 3,218 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DII.B. BMO Capital Markets lifted their price target on Dorel Industries from C$6.00 to C$7.00 in a research report on Monday, August 14th. TD Securities lifted their price target on Dorel Industries from C$10.00 to C$12.00 and gave the company a “buy” rating in a research report on Monday, August 14th.

Dorel Industries Stock Performance

The company has a debt-to-equity ratio of 169.29, a quick ratio of 0.64 and a current ratio of 1.56. The business has a 50 day moving average price of C$5.61 and a two-hundred day moving average price of C$4.65. The company has a market cap of C$153.02 million, a P/E ratio of -1.06, a price-to-earnings-growth ratio of -0.11 and a beta of 2.91.

Dorel Industries Company Profile

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.