Dorel Industries (TSE:DII.B) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of Dorel Industries Inc. (TSE:DII.B) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.62 and traded as high as C$2.03. Dorel Industries shares last traded at C$1.95, with a volume of 5,200 shares changing hands.

Analyst Ratings Changes

Separately, TD Securities upgraded Dorel Industries from a “sell” rating to a “hold” rating and lifted their price target for the stock from C$1.00 to C$2.50 in a report on Thursday, October 9th. Two 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$2.25.

Dorel Industries Price Performance

The firm has a 50 day moving average price of C$1.72 and a two-hundred day moving average price of C$1.62. The company has a market cap of C$63.70 million, a P/E ratio of -0.33, a P/E/G ratio of -0.11 and a beta of 1.66. The company has a debt-to-equity ratio of 287.70, a quick ratio of 0.64 and a current ratio of 1.45.

Dorel Industries (TSE:DII.B) last announced its quarterly earnings data on Friday, November 7th. The company reported C($1.45) earnings per share (EPS) for the quarter. The firm had revenue of C$415.73 million during the quarter. Dorel Industries had a negative net margin of 6.47% and a negative return on equity of 48.11%. On average, analysts predict that Dorel Industries Inc. will post 0.7015306 EPS for the current fiscal 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. Dorel Juvenile segment is engaged in the design, sourcing, manufacturing, distribution, and retail of children’s accessories which include infant car seats, strollers, high chairs, and infant health and safety aids.