Dorel Industries (TSE:DII.B) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Dorel Industries Inc. (TSE:DII.B) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.70 and traded as high as C$1.75. Dorel Industries shares last traded at C$1.75, with a volume of 5,011 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DII.B. TD Securities increased their price target on Dorel Industries from C$1.50 to C$2.25 and gave the stock a “hold” rating in a research report on Thursday, March 12th. TD reduced their price target on shares of Dorel Industries from C$2.25 to C$2.00 and set a “hold” rating for the company in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$2.08.

Dorel Industries Trading Down 5.7%

The company has a 50 day moving average of C$1.60 and a 200 day moving average of C$1.70. 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 stock has a market capitalization of C$57.12 million, a price-to-earnings ratio of -0.38, a P/E/G ratio of -0.11 and a beta of 0.84.

Dorel Industries (TSE:DII.B) last announced its earnings results on Thursday, May 7th. The company reported C($0.90) earnings per share (EPS) for the quarter. Dorel Industries had a negative return on equity of 48.11% and a negative net margin of 6.47%.The business had revenue of C$372.38 million for the quarter. On average, research analysts predict that Dorel Industries Inc. will post 0.7015306 EPS for the current fiscal year.

About Dorel Industries

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.