Dorel Industries (TSE:DII.B) Shares Cross Above 200 Day Moving Average – What’s Next?

Dorel Industries Inc. (TSE:DII.B)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.55 and traded as high as C$1.81. Dorel Industries shares last traded at C$1.74, with a volume of 30,129 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have commented on DII.B. BMO Capital Markets upped their target price on Dorel Industries from C$1.50 to C$2.00 in a report on Friday, October 3rd. TD Securities raised Dorel Industries from a “sell” rating to a “hold” rating and raised their price target for the stock from C$1.00 to C$2.50 in a report on Thursday, October 9th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$2.25.

Dorel Industries Stock Performance

The firm has a 50-day moving average of C$1.57 and a 200 day moving average of C$1.55. The company has a current ratio of 1.45, a quick ratio of 0.64 and a debt-to-equity ratio of 287.70. The stock has a market capitalization of C$56.84 million, a price-to-earnings ratio of -0.30, a PEG ratio of -0.11 and a beta of 1.40.

Dorel Industries (TSE:DII.B) last released its quarterly earnings results on Friday, November 7th. The company reported C($1.45) earnings per share (EPS) for the quarter. The business had revenue of C$415.73 million during the quarter. Dorel Industries had a negative return on equity of 48.11% and a negative net margin of 6.47%. As a group, equities analysts predict that Dorel Industries Inc. will post 0.7015306 EPS for the current fiscal year.

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. Dorel Juvenile segment is engaged in the design, sourcing, manufacturing, distribution, and retail of children’s accessories which include infant car seats, strollers, high chairs, and infant health and safety aids.