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.

About Dorel Industries (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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