Dorel Industries (TSE:DII.B) Stock Price Crosses Above 200 Day Moving Average of $10.24

Shares of Dorel Industries Inc (TSE:DII.B) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.24 and traded as high as $4.86. Dorel Industries shares last traded at $4.81, with a volume of 48,578 shares trading hands.

Several equities analysts have recently issued reports on DII.B shares. BMO Capital Markets decreased their price target on shares of Dorel Industries from C$11.00 to C$8.50 in a report on Thursday, October 3rd. TD Securities lowered shares of Dorel Industries from a “buy” rating to a “hold” rating and decreased their price target for the company from C$13.00 to C$7.50 in a report on Thursday, October 3rd.

The company has a market cap of $133.93 million and a price-to-earnings ratio of -0.35. The company has a current ratio of 1.02, a quick ratio of 0.38 and a debt-to-equity ratio of 129.21. The firm’s fifty day moving average price is C$8.41 and its 200-day moving average price is C$10.24.

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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