Dorel Industries (OTCMKTS:DIIBF) Raised to “Hold” at TD Securities

Dorel Industries (OTCMKTS:DIIBF) was upgraded by TD Securities to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Dorel Industries Stock Performance

Shares of DIIBF opened at $1.08 on Friday. The stock has a market capitalization of $37.44 million, a P/E ratio of -0.25 and a beta of 1.56. The firm’s fifty day simple moving average is $1.14 and its two-hundred day simple moving average is $1.25. Dorel Industries has a 12 month low of $0.83 and a 12 month high of $1.76.

Dorel Industries (OTCMKTS:DIIBF) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.07). The business had revenue of $267.84 million during the quarter, compared to analysts’ expectations of $299.70 million.

About Dorel Industries

Dorel Industries Inc is a publicly traded Canadian company engaged in the design, manufacture and distribution of consumer products across two core segments. Headquartered in Montreal, Quebec, Dorel serves retailers and end consumers in North America, Europe and select markets in Asia and Latin America. The company markets globally recognized brands and maintains an integrated supply chain encompassing product development, manufacturing and distribution.

The Dorel Juvenile segment produces a wide range of baby and children’s products, including car seats, strollers, high chairs, play yards and nursery furniture.