Dorel Industries Inc. (TSE:DII.B - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.53 and traded as high as C$2.05. Dorel Industries shares last traded at C$2.05, with a volume of 6,315 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on DII.B shares. BMO Capital Markets lifted their price target on Dorel Industries from C$1.50 to C$2.00 in a research note on Friday, October 3rd. TD Securities upgraded Dorel Industries from a "sell" rating to a "hold" rating and lifted their price target for the company from C$1.00 to C$2.50 in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Dorel Industries currently has a consensus rating of "Hold" and a consensus target price of C$2.25.
Read Our Latest Stock Report on Dorel Industries
Dorel Industries Stock Performance
The stock has a 50-day simple moving average of C$1.57 and a 200 day simple moving average of C$1.53. 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$66.97 million, a PE ratio of -0.41, a P/E/G ratio of -0.11 and a beta of 1.23.
Dorel Industries Company Profile
(
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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.
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