Dorel Industries (TSE:DII.B) Rating Lowered to Sell at TD Securities

TD Securities lowered shares of Dorel Industries (TSE:DII.B) from a hold rating to a sell rating in a report released on Thursday,BayStreet.CA reports. TD Securities currently has C$2.00 price target on the stock, down from their prior price target of C$4.50.

Separately, BMO Capital Markets cut their price objective on shares of Dorel Industries from C$7.00 to C$5.00 in a report on Friday, November 15th.

Dorel Industries Stock Down 11.6 %

DII.B opened at C$2.59 on Thursday. The company has a 50 day moving average of C$4.46 and a 200 day moving average of C$4.91. The company has a market cap of C$73.61 million, a PE ratio of -0.66, a price-to-earnings-growth ratio of -0.11 and a beta of 3.06. Dorel Industries has a 12 month low of C$2.50 and a 12 month high of C$7.69. The company has a current ratio of 1.45, a quick ratio of 0.64 and a debt-to-equity ratio of 287.70.

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.