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

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

Separately, BMO Capital Markets dropped 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 Price Performance

Shares of TSE:DII.B opened at C$2.59 on Thursday. The company has a market cap of C$73.61 million, a price-to-earnings ratio of -0.66, a PEG 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. The firm has a 50 day simple moving average of C$4.51 and a 200 day simple moving average of C$4.94. Dorel Industries has a one year low of C$2.50 and a one year high of C$7.69.

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.