Dorel Industries (TSE:DII.B) Downgraded by TD Securities to Hold

Dorel Industries (TSE:DII.B) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a note issued to investors on Friday,BayStreet.CA reports. They currently have a C$4.50 price target on the stock, down from their prior price target of C$12.00. TD Securities’ price objective indicates a potential upside of 8.43% from the company’s previous close.

Dorel Industries Trading Down 5.9 %

Shares of Dorel Industries stock opened at C$4.15 on Friday. 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 company has a market capitalization of C$117.94 million, a P/E ratio of -1.06, a PEG ratio of -0.11 and a beta of 3.06. Dorel Industries has a 1 year low of C$4.02 and a 1 year high of C$7.69. The company’s fifty day moving average is C$5.68 and its two-hundred day moving average is C$6.32.

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.