Dorel Industries (TSE:DII.B) Given New C$2.25 Price Target at BMO Capital Markets

Dorel Industries (TSE:DII.B) had its target price trimmed by BMO Capital Markets from C$4.50 to C$2.25 in a research report sent to investors on Tuesday,BayStreet.CA reports.

Separately, TD Securities lowered Dorel Industries from a “hold” rating to a “sell” rating and reduced their price target for the stock from C$4.50 to C$2.00 in a research note on Thursday, March 13th.

Dorel Industries Trading Up 4.0%

Shares of Dorel Industries stock opened at C$1.84 on Tuesday. Dorel Industries has a fifty-two week low of C$1.25 and a fifty-two week high of C$7.69. The firm has a market cap of C$52.29 million, a PE ratio of -0.47, a P/E/G ratio of -0.11 and a beta of 3.06. The business’s fifty day moving average is C$2.00 and its two-hundred day moving average is C$3.62. The company has a quick ratio of 0.64, a current ratio of 1.45 and a debt-to-equity ratio of 287.70.

About Dorel Industries

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.