TD Securities Upgrades Dorel Industries (DIIBF) to Buy

Dorel Industries (OTCMKTS:DIIBF) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a research report issued on Monday, The Fly reports.

Separately, ValuEngine upgraded Dorel Industries from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th.

Shares of DIIBF traded up $0.18 during midday trading on Monday, hitting $15.67. The company had a trading volume of 300 shares, compared to its average volume of 975. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.85 and a current ratio of 1.85. The stock has a market capitalization of $502.45 million, a PE ratio of 10.19 and a beta of 1.13. Dorel Industries has a 1 year low of $15.46 and a 1 year high of $26.19.

Dorel Industries (OTCMKTS:DIIBF) last announced its quarterly earnings data on Friday, November 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). The company had revenue of $670.44 million during the quarter. Dorel Industries had a negative net margin of 0.13% and a positive return on equity of 4.61%.

About Dorel Industries

Dorel Industries Inc designs, manufactures, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company operates through three segments: Dorel Juvenile, Dorel Sports, and Dorel Home. The Dorel Juvenile segment engages 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.

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