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

Dorel Industries (TSE:DII.B) was downgraded by equities researchers at TD Securities from a “hold” rating to a “sell” rating in a research note issued on Thursday,BayStreet.CA reports. They currently have a C$2.00 price target on the stock, down from their previous price target of C$4.50. TD Securities’ price target would suggest a potential downside of 22.78% from the company’s current price.

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

Dorel Industries Stock Down 11.6 %

Dorel Industries stock opened at C$2.59 on Thursday. The firm has a market capitalization of C$73.61 million, a PE ratio of -0.66, a P/E/G ratio of -0.11 and a beta of 3.06. The company’s 50-day moving average is C$4.51 and its 200-day moving average is C$4.94. Dorel Industries has a fifty-two week low of C$2.50 and a fifty-two week 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.

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.