Shares of Dorel Industries Inc. (OTCMKTS:DIIBF - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.05 and traded as low as $2.56. Dorel Industries shares last traded at $3.09, with a volume of 52,165 shares changing hands.
Analysts Set New Price Targets
Several research firms have recently issued reports on DIIBF. BMO Capital Markets raised Dorel Industries to a "hold" rating in a research note on Monday, November 18th. TD Securities cut shares of Dorel Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 18th.
View Our Latest Report on Dorel Industries
Dorel Industries Trading Up 3.7 %
The business has a 50 day moving average of $3.07 and a 200-day moving average of $3.89. The stock has a market cap of $110.45 million, a PE ratio of -1.07 and a beta of 2.68. The company has a current ratio of 0.94, a quick ratio of 0.46 and a debt-to-equity ratio of 0.28.
About Dorel Industries
(
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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.
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