BMO Capital Markets Cuts Dorel Industries (OTCMKTS:DIIBF) Price Target to C$6.00

Dorel Industries (OTCMKTS:DIIBF – Get Rating) had its target price trimmed by BMO Capital Markets from C$7.00 to C$6.00 in a research note published on Wednesday morning, The Fly reports.

Separately, TD Securities lowered their target price on Dorel Industries from C$11.50 to C$10.00 in a research note on Wednesday.

Dorel Industries Price Performance

DIIBF opened at $3.03 on Wednesday. The stock has a 50-day moving average price of $3.87 and a 200-day moving average price of $3.97. Dorel Industries has a 12-month low of $3.00 and a 12-month high of $8.02. The company has a current ratio of 1.90, a quick ratio of 0.72 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $98.60 million, a P/E ratio of 0.76 and a beta of 2.58.

Dorel Industries Company Profile

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Dorel Industries, Inc engages in the design, manufacture, and distribution of home products. It operates through the Dorel Home and Dorel Juvenile segments. The Dorel Home segment focuses on the design, sourcing, and sale of ready-to-assemble furniture and home furnishings, which includes metal folding furniture, futons, step stools, ladders, and other imported furniture items.