Dorel Industries (TSE:DII.B) Stock Price Passes Above 200 Day Moving Average of $12.11
Dorel Industries Inc (TSE:DII.B)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.11 and traded as high as $9.42. Dorel Industries shares last traded at $9.42, with a volume of 4,000 shares.
A number of research analysts have weighed in on DII.B shares. TD Securities raised shares of Dorel Industries from a “hold” rating to a “buy” rating and set a C$13.00 price target on the stock in a research note on Tuesday, August 6th. Royal Bank of Canada cut their price target on shares of Dorel Industries from C$16.00 to C$14.00 and set a “sector perform” rating on the stock in a research note on Monday, May 13th. Finally, BMO Capital Markets cut their price target on shares of Dorel Industries from C$14.00 to C$11.00 in a research note on Tuesday, August 6th.
The stock has a market capitalization of $267.30 million and a price-to-earnings ratio of -0.70. The company’s fifty day simple moving average is C$9.80 and its 200 day simple moving average is C$12.11. The company has a quick ratio of 0.38, a current ratio of 1.02 and a debt-to-equity ratio of 129.21.
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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