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

Shares of Dorel Industries Inc. (TSE:DII.B) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$1.59 and traded as low as C$1.25. Dorel Industries shares last traded at C$1.28, with a volume of 5,274 shares.

Analysts Set New Price Targets

Separately, TD reduced their price objective on Dorel Industries from C$2.00 to C$1.50 and set a “hold” rating on the stock in a report on Friday, August 7th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Dorel Industries currently has a consensus rating of “Hold” and an average price target of C$1.88.

Dorel Industries Stock Down 0.8%

The company has a market capitalization of C$44.42 million, a price-to-earnings ratio of -0.31, a PEG ratio of -0.11 and a beta of 0.98. 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 business’s 50 day moving average is C$1.52 and its 200 day moving average is C$1.59.

Dorel Industries Company Profile

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.