Dorel Industries (TSE:DII.B) Shares Down 14.3% – Here’s What Happened

Shares of Dorel Industries Inc. (TSE:DII.B) fell 14.3% during trading on Thursday . The company traded as low as C$1.30 and last traded at C$1.38. Approximately 114,997 shares changed hands during trading, an increase of 450% from the average session volume of 20,913 shares. The stock had previously closed at C$1.61.

Analyst Ratings Changes

Separately, TD cut their price target on Dorel Industries from C$2.25 to C$2.00 and set a “hold” rating for the company in a report on Monday, May 11th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Dorel Industries has a consensus rating of “Hold” and an average price target of C$2.08.

Dorel Industries Stock Performance

The company has a quick ratio of 0.64, a current ratio of 1.45 and a debt-to-equity ratio of 287.70. The stock has a market capitalization of C$47.78 million, a price-to-earnings ratio of -0.32, a price-to-earnings-growth ratio of -0.11 and a beta of 0.72. The stock’s 50-day simple moving average is C$1.59 and its 200 day simple moving average is C$1.69.

Dorel Industries (TSE:DII.B) last posted its quarterly earnings data on Thursday, May 7th. The company reported C($0.90) earnings per share for the quarter. The firm 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%. Analysts expect that Dorel Industries Inc. will post 0.7015306 earnings per share for the current fiscal year.

Dorel Industries Company Profile

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.