Dorel Industries (TSE:DII.B) Shares Down 15.5%

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Dorel Industries Inc (TSE:DII.B)’s share price fell 15.5% during mid-day trading on Friday . The company traded as low as C$4.73 and last traded at C$4.76, 132,755 shares traded hands during trading. An increase of 309% from the average session volume of 32,456 shares. The stock had previously closed at C$5.63.

DII.B has been the subject of several analyst reports. TD Securities upped their target price on Dorel Industries from C$1.65 to C$4.50 and gave the company a “hold” rating in a report on Monday, May 11th. Royal Bank of Canada reduced their price objective on shares of Dorel Industries from C$7.00 to C$4.00 and set a “sector perform” rating for the company in a research note on Friday, March 13th.

The company has a current ratio of 1.61, a quick ratio of 0.64 and a debt-to-equity ratio of 130.47. The stock has a market capitalization of $159.28 million and a PE ratio of -15.22. The firm’s 50-day simple moving average is C$2.44 and its two-hundred day simple moving average is C$4.24.

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.

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