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

TD Securities lowered shares of Dorel Industries (TSE:DII.B) from a buy rating to a hold rating in a report released on Friday,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 Price Performance

Shares of DII.B stock opened at C$3.98 on Friday. The stock’s fifty day simple moving average is C$5.64 and its 200 day simple moving average is C$6.30. Dorel Industries has a one year low of C$3.90 and a one year high of C$7.69. The firm has a market cap of C$113.11 million, a price-to-earnings ratio of -1.02, a P/E/G ratio of -0.11 and a beta of 3.06. The company has a debt-to-equity ratio of 287.70, a current ratio of 1.45 and a quick ratio of 0.64.

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.