Dorel Industries (TSE:DII.B) Reaches New 52-Week Low on Analyst Downgrade

Dorel Industries Inc (TSE:DII.B – Get Rating)’s stock price reached a new 52-week low on Thursday after TD Securities lowered their price target on the stock from C$11.50 to C$10.00. TD Securities currently has a buy rating on the stock. Dorel Industries traded as low as C$4.32 and last traded at C$4.23, with a volume of 121302 shares traded. The stock had previously closed at C$4.25.

Separately, BMO Capital Markets cut their price objective on shares of Dorel Industries from C$7.00 to C$6.00 in a research report on Wednesday.

Dorel Industries Stock Performance

The firm has a market capitalization of C$122.08 million, a price-to-earnings ratio of -0.98, a PEG ratio of -0.11 and a beta of 2.93. The company has a debt-to-equity ratio of 153.51, a current ratio of 1.82 and a quick ratio of 0.64. The firm has a 50 day moving average price of C$5.26 and a 200-day moving average price of C$5.35.

Dorel Industries Company Profile

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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.