Dorel Industries (TSE:DII.B) Lowered to "Sell" Rating by TD Securities

Dorel Industries (TSE:DII.B - Get Free Report) was downgraded by equities researchers at TD Securities from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Thursday,BayStreet.CA reports. They presently have a C$2.00 price objective on the stock, down from their prior price objective of C$4.50. TD Securities' price target suggests a potential downside of 37.69% from the stock's previous close.

Separately, BMO Capital Markets decreased their price target on Dorel Industries from C$7.00 to C$5.00 in a research report on Friday, November 15th.

Dorel Industries Price Performance

Shares of Dorel Industries stock traded down C$0.54 during trading on Thursday, hitting C$3.21. The stock had a trading volume of 40,828 shares, compared to its average volume of 7,771. The business has a fifty day moving average of C$4.53 and a two-hundred day moving average of C$4.96. Dorel Industries has a fifty-two week low of C$3.12 and a fifty-two week high of C$7.69. The firm has a market cap of C$91.23 million, a P/E ratio of -0.82, a PEG ratio of -0.11 and a beta of 3.06. The company has a debt-to-equity ratio of 287.70, a current ratio of 1.45 and a quick ratio of 0.64.

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.

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