Dorel Industries (TSE:DII.B) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Dorel Industries Inc. (TSE:DII.B) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.52 and traded as high as C$1.65. Dorel Industries shares last traded at C$1.57, with a volume of 1,681 shares traded.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DII.B shares. TD Securities raised Dorel Industries from a “sell” rating to a “hold” rating and increased their target price for the stock from C$1.00 to C$2.50 in a research report on Thursday, October 9th. BMO Capital Markets increased their price objective on Dorel Industries from C$1.50 to C$2.00 in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$2.25.

Dorel Industries Price Performance

The firm has a fifty day moving average price of C$1.75 and a two-hundred day moving average price of C$1.52. The company has a quick ratio of 0.64, a current ratio of 1.45 and a debt-to-equity ratio of 287.70. The stock has a market capitalization of C$51.29 million, a P/E ratio of -0.27, a P/E/G ratio of -0.11 and a beta of 1.13.

Dorel Industries (TSE:DII.B) last announced its quarterly earnings data on Friday, November 7th. The company reported C($1.45) EPS for the quarter. The firm had revenue of C$415.73 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, analysts expect that Dorel Industries Inc. will post 0.7015306 EPS for the current year.

Dorel Industries Company Profile

Dorel Industries Inc is a Canadian company that sells juvenile products and furniture. Its segments include Dorel Home and Dorel Juvenile. Dorel Home segment is engaged in the design, sourcing, manufacturing, and distribution of ready-to-assemble furniture and home furnishings which include metal folding furniture, futons, children’s furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.