Dorel Industries (TSE:DII.A) Trading 10.8% Higher – Here’s What Happened

Dorel Industries Inc (TSE:DII.AGet Free Report)’s share price traded up 10.8% during mid-day trading on Wednesday . The company traded as high as C$4.00 and last traded at C$4.00. 200 shares were traded during mid-day trading, a decline of 56% from the average session volume of 453 shares. The stock had previously closed at C$3.61.

Dorel Industries Stock Performance

The stock has a 50-day moving average price of C$5.34. The company has a debt-to-equity ratio of 287.70, a quick ratio of 0.64 and a current ratio of 1.45. The firm has a market capitalization of C$16.56 million, a price-to-earnings ratio of -1.04 and a beta of 3.06.

About Dorel Industries

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Dorel Industries Inc designs, manufactures, sources, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company's Dorel Home segment engages in the design, manufacture, sourcing, and distribution of ready-to assemble furniture and home furnishings, including metal folding furniture, children's furniture, step stool, hand truck, ladder, outdoor furniture, and other imported furniture and futon products.

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