Dorel Industries (OTCMKTS:DIIBF) Upgraded by TD Securities to “Hold” Rating

TD Securities upgraded shares of Dorel Industries (OTCMKTS:DIIBF) to a hold rating in a report released on Friday,Zacks.com reports.

Dorel Industries Stock Down 0.9%

Shares of DIIBF opened at $1.07 on Friday. The business’s 50 day moving average is $1.14 and its two-hundred day moving average is $1.25. Dorel Industries has a 52-week low of $0.83 and a 52-week high of $1.76. The firm has a market cap of $37.10 million, a price-to-earnings ratio of -0.25 and a beta of 1.56.

Dorel Industries (OTCMKTS:DIIBF) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.07). The firm had revenue of $267.84 million for the quarter, compared to analyst estimates of $299.70 million.

About Dorel Industries

Dorel Industries Inc is a publicly traded Canadian company engaged in the design, manufacture and distribution of consumer products across two core segments. Headquartered in Montreal, Quebec, Dorel serves retailers and end consumers in North America, Europe and select markets in Asia and Latin America. The company markets globally recognized brands and maintains an integrated supply chain encompassing product development, manufacturing and distribution.

The Dorel Juvenile segment produces a wide range of baby and children’s products, including car seats, strollers, high chairs, play yards and nursery furniture.