TD Securities Increases Dorel Industries (OTCMKTS:DIIBF) Price Target to $6.00

Dorel Industries (OTCMKTS:DIIBF) had its price target raised by research analysts at TD Securities from $4.50 to $6.00 in a research note issued to investors on Tuesday, The Fly reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential upside of 48.54% from the stock’s current price.

Separately, ValuEngine upgraded Dorel Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, April 23rd.

Shares of OTCMKTS DIIBF traded up $0.30 during trading on Tuesday, hitting $4.04. The company had a trading volume of 35,893 shares, compared to its average volume of 47,015. Dorel Industries has a 52 week low of $0.88 and a 52 week high of $8.46. The business’s 50-day moving average is $3.59 and its 200 day moving average is $3.11. The company has a market cap of $121.43 million, a P/E ratio of -2.20 and a beta of 2.63. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.92 and a current ratio of 1.80.

Dorel Industries (OTCMKTS:DIIBF) last issued its earnings results on Friday, May 8th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.58). Dorel Industries had a negative return on equity of 0.51% and a negative net margin of 2.32%. The company had revenue of $580.76 million during the quarter.

About Dorel Industries

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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