Dorel Industries (TSE:DII.B) Stock Price Passes Above Two Hundred Day Moving Average of $9.95

Shares of Dorel Industries Inc (TSE:DII.B) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.95 and traded as high as $4.94. Dorel Industries shares last traded at $4.90, with a volume of 44,870 shares traded.

DII.B has been the topic of several research reports. TD Securities lowered shares of Dorel Industries from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$13.00 to C$7.50 in a research report on Thursday, October 3rd. BMO Capital Markets lowered their price objective on shares of Dorel Industries from C$11.00 to C$8.50 in a research report on Thursday, October 3rd.

The firm has a market cap of $142.97 million and a P/E ratio of -0.37. The company has a quick ratio of 0.38, a current ratio of 1.02 and a debt-to-equity ratio of 129.21. The firm’s 50-day simple moving average is C$7.69 and its 200 day simple moving average is C$9.95.

Dorel Industries Company Profile (TSE:DII.B)

Dorel Industries Inc designs, manufactures, sources, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company's Dorel Home segment engages in the design, manufacture, sourcing, and distribution of ready-to assemble furniture and home furnishings, including metal folding furniture, children's furniture, step stool, hand truck, ladder, outdoor furniture, and other imported furniture and futon products.

Further Reading: No Load Funds

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