Dorel Industries (TSE:DII.B) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Dorel Industries Inc. (TSE:DII.B)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.57 and traded as high as C$2.13. Dorel Industries shares last traded at C$2.04, with a volume of 46,620 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently commented on DII.B shares. BMO Capital Markets increased their target price on Dorel Industries from C$1.50 to C$2.00 in a research report on Friday, October 3rd. TD Securities raised Dorel Industries from a “sell” rating to a “hold” rating and raised their price objective for the company from C$1.00 to C$2.50 in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$2.25.

Dorel Industries Stock Down 1.9%

The firm’s 50 day simple moving average is C$1.62 and its two-hundred day simple moving average is C$1.57. The firm has a market cap of C$66.64 million, a price-to-earnings ratio of -0.35, a PEG ratio of -0.11 and a beta of 1.40. The company has a current ratio of 1.45, a quick ratio of 0.64 and a debt-to-equity ratio of 287.70.

Dorel Industries (TSE:DII.B) last announced its quarterly earnings data on Friday, November 7th. The company reported C($1.45) EPS for the quarter. Dorel Industries had a negative net margin of 6.47% and a negative return on equity of 48.11%. The firm had revenue of C$415.73 million for the quarter. On average, equities analysts forecast that Dorel Industries Inc. will post 0.7015306 EPS for the current year.

Dorel Industries Company Profile

Dorel Industries Inc is a Canadian company that sells juvenile products and furniture. Its segments include Dorel Home and Dorel Juvenile. Dorel Home segment is engaged in the design, sourcing, manufacturing, and distribution of ready-to-assemble furniture and home furnishings which include metal folding furniture, futons, children’s furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items. Dorel Juvenile segment is engaged in the design, sourcing, manufacturing, distribution, and retail of children’s accessories which include infant car seats, strollers, high chairs, and infant health and safety aids.