Dorel Industries (TSE:DII.B) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Dorel Industries Inc. (TSE:DII.B) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.74 and traded as low as C$1.62. Dorel Industries shares last traded at C$1.71, with a volume of 17,066 shares changing hands.

Analysts Set New Price Targets

Separately, TD Securities boosted their target price on Dorel Industries from C$1.50 to C$2.25 and gave the stock a “hold” rating in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$2.13.

Dorel Industries Trading Down 3.4%

The business has a fifty day simple moving average of C$1.73 and a 200 day simple moving average of C$1.74. The stock has a market cap of C$59.26 million, a price-to-earnings ratio of -0.39, a PEG ratio of -0.11 and a beta of 0.55. 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 issued its earnings results on Tuesday, March 10th. The company reported C($0.48) earnings per share for the quarter. The firm had revenue of C$361.20 million during the quarter. Dorel Industries had a negative return on equity of 48.11% and a negative net margin of 6.47%. As a group, equities analysts anticipate that Dorel Industries Inc. will post 0.7015306 EPS for the current year.

About Dorel Industries

Dorel Industries Inc (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel’s strength lies in the diversity, innovation, and quality of its products, as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi ®, Safety 1st¿, and Tiny Love ®, complemented by regional brands such as BebeConfort ®, Cosco Kids ®, Mother’s Choice, and Infanti ®. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture.