Dorel Industries (TSE:DII.B) Price Target Lowered to C$1.50 at TD

Dorel Industries (TSE:DII.B) had its price objective reduced by TD from C$2.00 to C$1.50 in a report issued on Friday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

Dorel Industries Stock Performance

Shares of Dorel Industries stock opened at C$1.55 on Friday. The company has a market cap of C$53.66 million, a PE ratio of -0.36, a price-to-earnings-growth ratio of -0.11 and a beta of 0.72. Dorel Industries has a 52 week low of C$1.10 and a 52 week high of C$2.40. The business has a 50 day moving average price of C$1.58 and a 200-day moving average price of C$1.69. The company has a quick ratio of 0.64, a current ratio of 1.45 and a debt-to-equity ratio of 287.70.

Dorel Industries (TSE:DII.B) last announced its quarterly earnings results on Thursday, May 7th. The company reported C($0.90) earnings per share (EPS) for the quarter. The company had revenue of C$372.38 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 will post 0.7015306 earnings per share for the current fiscal year.

About Dorel Industries

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.