Dorel Industries (TSE:DII.B) Downgraded by TD Securities to “Hold”

Dorel Industries (TSE:DII.B) was downgraded by research analysts at TD Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. They presently have a C$4.50 price objective on the stock, down from their prior price objective of C$12.00. TD Securities’ price target suggests a potential upside of 9.22% from the stock’s current price.

Dorel Industries Stock Performance

Shares of DII.B traded down C$0.29 during trading hours on Friday, hitting C$4.12. The stock had a trading volume of 48,650 shares, compared to its average volume of 12,917. The company has a debt-to-equity ratio of 287.70, a quick ratio of 0.64 and a current ratio of 1.45. The firm has a 50-day moving average price of C$5.73 and a 200 day moving average price of C$6.33. Dorel Industries has a fifty-two week low of C$4.02 and a fifty-two week high of C$7.69. The firm has a market capitalization of C$117.09 million, a price-to-earnings ratio of -1.05, a PEG ratio of -0.11 and a beta of 3.06.

About Dorel Industries

Dorel Industries Inc engages in the design, manufacture, sourcing, marketing, and distribution of home and juvenile products worldwide. The company operates through Dorel Home and Dorel Juvenile segments. The Dorel Home segment offers ready-to assemble furniture and home furnishings products, including metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.