Dorel Industries (TSE:DII.B) Downgraded by TD Securities to “Hold”

TD Securities downgraded shares of Dorel Industries (TSE:DII.B) from a buy rating to a hold rating in a research note issued to investors on Friday morning,BayStreet.CA reports. The brokerage currently has C$4.50 target price on the stock, down from their previous target price of C$12.00.

Dorel Industries Stock Performance

Shares of Dorel Industries stock traded down C$0.26 on Friday, reaching C$4.15. The stock had a trading volume of 53,500 shares, compared to its average volume of 12,939. 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 business’s 50-day moving average price is C$5.68 and its two-hundred day moving average price is C$6.32. The stock has a market cap of C$117.94 million, a P/E ratio of -1.06, a price-to-earnings-growth ratio of -0.11 and a beta of 3.06. Dorel Industries has a fifty-two week low of C$4.02 and a fifty-two week high of C$7.69.

Dorel Industries Company Profile

Dorel Industries Inc engages in the design, manufacture, sourcing, marketing, and distribution of home and juvenile products worldwide. The company operates through Dorel Home and Dorel Juvenile segments. The Dorel Home segment offers ready-to assemble furniture and home furnishings products, including metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.