Dorel Industries (TSE:DII.B) Shares Pass Above 200-Day Moving Average - Time to Sell?

Key Points

• Dorel Industries shares briefly moved above their 200-day moving average (C$1.74), trading as high as C$1.75 on modest volume (5,501 shares).
• TD Securities raised its price target from C$1.50 to C$2.25 while maintaining a "Hold"; the stock's consensus among two analysts is currently a Hold with an average target of C$2.13.
• Fundamentals remain weak: the company reported C($0.48) EPS for the quarter, with a negative ROE (-48.11%), negative net margin (-6.47%), very high debt-to-equity (287.70) and a market cap of about C$59.95 million.

Dorel Industries Inc. (TSE:DII.B - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.74 and traded as high as C$1.75. Dorel Industries shares last traded at C$1.73, with a volume of 5,501 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities lifted their price target on Dorel Industries from C$1.50 to C$2.25 and gave the company a "hold" rating in a research note on Thursday, March 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dorel Industries presently has an average rating of "Hold" and an average target price of C$2.13.

Dorel Industries Stock Performance

The stock has a 50-day simple moving average of C$1.76 and a 200 day simple moving average of C$1.74. The company has a debt-to-equity ratio of 287.70, a current ratio of 1.45 and a quick ratio of 0.64. The company has a market capitalization of C$59.95 million, a PE ratio of -0.40, a P/E/G ratio of -0.11 and a beta of 0.55.

Dorel Industries (TSE:DII.B - Get Free Report) last posted its earnings results on Tuesday, March 10th. The company reported C($0.48) EPS for the quarter. The firm had revenue of C$361.20 million for the quarter. Dorel Industries had a negative return on equity of 48.11% and a negative net margin of 6.47%. Equities analysts anticipate that Dorel Industries Inc. will post 0.7015306 EPS for the current fiscal year.

Dorel Industries Company Profile

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.

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