Dorel Industries (TSE:DII.B) Shares Pass Above 200 Day Moving Average of $4.38

Dorel Industries Inc (TSE:DII.B)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.38 and traded as high as $9.60. Dorel Industries shares last traded at $9.54, with a volume of 738,115 shares traded.

Separately, TD Securities increased their price objective on shares of Dorel Industries from C$4.50 to C$6.00 and gave the stock a “hold” rating in a research report on Tuesday, June 30th.

The stock’s fifty day moving average is C$5.97 and its two-hundred day moving average is C$4.38. The firm has a market capitalization of $274.22 million and a price-to-earnings ratio of -5.16. The company has a debt-to-equity ratio of 175.72, a quick ratio of 0.83 and a current ratio of 1.80.

Dorel Industries Company Profile (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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