TD Securities Downgrades Dorel Industries (TSE:DII.B) to Hold

TD Securities cut shares of Dorel Industries (TSE:DII.B) from a buy rating to a hold rating in a research report released on Friday morning,BayStreet.CA reports. TD Securities currently has C$4.50 price target on the stock, down from their previous price target of C$12.00.

Dorel Industries Stock Down 5.9 %

Shares of DII.B stock opened at C$4.15 on Friday. Dorel Industries has a one year low of C$4.02 and a one year high of C$7.69. The company has a debt-to-equity ratio of 287.70, a current ratio of 1.45 and a quick ratio of 0.64. The stock has a fifty day moving average price of C$5.68 and a 200 day moving average price of C$6.32. The stock has a market cap of C$117.94 million, a P/E ratio of -1.06, a price-to-earnings-growth ratio of -0.11 and a beta of 3.06.

Dorel Industries Company Profile

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.