Dorel Industries (TSE:DII.B) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Dorel Industries Inc. (TSE:DII.B)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.70 and traded as high as C$1.71. Dorel Industries shares last traded at C$1.68, with a volume of 27,701 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DII.B shares. TD Securities lifted their price objective on shares of Dorel Industries from C$1.50 to C$2.25 and gave the company a “hold” rating in a research note on Thursday, March 12th. TD cut their target price on Dorel Industries from C$2.25 to C$2.00 and set a “hold” rating for the company in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$2.08.

Dorel Industries Stock Performance

The company has a debt-to-equity ratio of 287.70, a current ratio of 1.45 and a quick ratio of 0.64. The stock has a market cap of C$58.16 million, a P/E ratio of -0.39, a PEG ratio of -0.11 and a beta of 0.79. The stock has a 50-day simple moving average of C$1.60 and a 200-day simple moving average of C$1.70.

Dorel Industries (TSE:DII.B) last posted its earnings results on Thursday, May 7th. The company reported C($0.90) EPS for the quarter. Dorel Industries had a negative return on equity of 48.11% and a negative net margin of 6.47%.The company had revenue of C$372.38 million during the quarter. Research analysts forecast that Dorel Industries Inc. will post 0.7015306 earnings per share for the current year.

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.