Dorel Industries (TSE:DII.B) Shares Down 15.5%

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Dorel Industries Inc (TSE:DII.B)’s stock price was down 15.5% on Friday . The stock traded as low as C$4.73 and last traded at C$4.76, approximately 132,755 shares traded hands during trading. An increase of 309% from the average daily volume of 32,456 shares. The stock had previously closed at C$5.63.

Several brokerages recently issued reports on DII.B. Royal Bank of Canada cut their price objective on Dorel Industries from C$7.00 to C$4.00 and set a “sector perform” rating for the company in a research report on Friday, March 13th. TD Securities boosted their price target on Dorel Industries from C$1.65 to C$4.50 and gave the stock a “hold” rating in a report on Monday, May 11th.

The company has a quick ratio of 0.64, a current ratio of 1.61 and a debt-to-equity ratio of 130.47. The business’s fifty day moving average is C$2.44 and its 200-day moving average is C$4.24. The stock has a market capitalization of $159.28 million and a PE ratio of -15.22.

Dorel Industries Company Profile (TSE:DII.B)

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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