Dorel Industries (TSE:DII.B) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Dorel Industries Inc. (TSE:DII.B) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.70 and traded as high as C$1.71. Dorel Industries shares last traded at C$1.68, with a volume of 27,701 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DII.B shares. TD cut their price objective on shares of Dorel Industries from C$2.25 to C$2.00 and set a “hold” rating on the stock in a report on Monday, May 11th. TD Securities upped their target price on Dorel Industries from C$1.50 to C$2.25 and gave the stock a “hold” rating in a report on Thursday, March 12th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$2.08.

Dorel Industries Price Performance

The company has a market cap of C$58.16 million, a PE ratio of -0.39, a price-to-earnings-growth ratio of -0.11 and a beta of 0.79. The company has a quick ratio of 0.64, a current ratio of 1.45 and a debt-to-equity ratio of 287.70. The firm has a 50 day simple moving average of C$1.60 and a 200-day simple moving average of C$1.70.

Dorel Industries (TSE:DII.B) last released its quarterly earnings results on Thursday, May 7th. The company reported C($0.90) EPS for the quarter. Dorel Industries had a negative net margin of 6.47% and a negative return on equity of 48.11%. The firm had revenue of C$372.38 million for the quarter. As a group, research analysts predict that Dorel Industries Inc. will post 0.7015306 earnings per share for the current fiscal year.

About Dorel Industries

Dorel Industries Inc (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel’s strength lies in the diversity, innovation, and quality of its products, as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi ®, Safety 1st¿, and Tiny Love ®, complemented by regional brands such as BebeConfort ®, Cosco Kids ®, Mother’s Choice, and Infanti ®. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture.