Dorel Industries (OTCMKTS:DIIBF) Rating Increased to Hold at TD Securities

Dorel Industries (OTCMKTS:DIIBF) was upgraded by analysts at TD Securities to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Dorel Industries Trading Down 0.9%

Shares of Dorel Industries stock opened at $1.07 on Friday. The firm has a market capitalization of $37.10 million, a PE ratio of -0.25 and a beta of 1.56. Dorel Industries has a 12 month low of $0.83 and a 12 month high of $1.76. The business’s 50-day moving average price is $1.14 and its 200-day moving average price is $1.25.

Dorel Industries (OTCMKTS:DIIBF) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.58) by ($0.07). The business had revenue of $267.84 million for the quarter, compared to analyst estimates of $299.70 million.

Dorel Industries Company Profile

Dorel Industries Inc is a publicly traded Canadian company engaged in the design, manufacture and distribution of consumer products across two core segments. Headquartered in Montreal, Quebec, Dorel serves retailers and end consumers in North America, Europe and select markets in Asia and Latin America. The company markets globally recognized brands and maintains an integrated supply chain encompassing product development, manufacturing and distribution.

The Dorel Juvenile segment produces a wide range of baby and children’s products, including car seats, strollers, high chairs, play yards and nursery furniture.