Dorel Industries (TSE:DII.B) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Dorel Industries Inc. stock price surpassed its two hundred day moving average, reaching as high as C$2.35 before closing at C$2.15 on Tuesday.
• Analysts have mixed opinions on the stock, with BMO Capital Markets raising its target price to C$2.00, while TD Securities downgraded their target to C$1.00 and assigned a "sell" rating.
• The company reports a high debt-to-equity ratio of 287.70 and currently has a market capitalization of C$70.23 million.

Dorel Industries Inc. (TSE:DII.B - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.52 and traded as high as C$2.35. Dorel Industries shares last traded at C$2.15, with a volume of 25,770 shares trading hands.

Wall Street Analysts Forecast Growth

DII.B has been the topic of several research reports. BMO Capital Markets increased their target price on Dorel Industries from C$1.50 to C$2.00 in a research note on Friday, October 3rd. TD Securities decreased their target price on Dorel Industries from C$1.25 to C$1.00 and set a "sell" rating on the stock in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of C$1.50.

Dorel Industries Stock Up 9.7%

The company has a debt-to-equity ratio of 287.70, a quick ratio of 0.64 and a current ratio of 1.45. The company has a market cap of C$70.23 million, a price-to-earnings ratio of -0.42, a price-to-earnings-growth ratio of -0.11 and a beta of 1.23. The business has a 50-day simple moving average of C$1.41 and a 200-day simple moving average of C$1.52.

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.

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