Dorel Industries (TSE:DII.B) Shares Down 14.3% – Here’s What Happened

Dorel Industries Inc. (TSE:DII.B)’s stock price dropped 14.3% on Thursday . The company traded as low as C$1.30 and last traded at C$1.38. 114,997 shares traded hands during mid-day trading, an increase of 450% from the average session volume of 20,913 shares. The stock had previously closed at C$1.61.

Analyst Upgrades and Downgrades

Separately, TD reduced their price target on shares of Dorel Industries from C$2.25 to C$2.00 and set a “hold” rating on the stock in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$2.08.

Dorel Industries Trading Down 14.3%

The company has a quick ratio of 0.64, a current ratio of 1.45 and a debt-to-equity ratio of 287.70. The firm has a market cap of C$47.78 million, a price-to-earnings ratio of -0.32, a price-to-earnings-growth ratio of -0.11 and a beta of 0.72. The business’s fifty day moving average is C$1.59 and its two-hundred day moving average is C$1.69.

Dorel Industries (TSE:DII.B) last posted its quarterly earnings data on Thursday, May 7th. The company reported C($0.90) earnings per share for the quarter. Dorel Industries had a negative return on equity of 48.11% and a negative net margin of 6.47%.The company had revenue of C$372.38 million during the quarter. Equities analysts anticipate that Dorel Industries Inc. will post 0.7015306 earnings per share for the current fiscal year.

Dorel Industries Company Profile

Dorel Industries Inc (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel’s strength lies in the diversity, innovation, and quality of its products, as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi ®, Safety 1st¿, and Tiny Love ®, complemented by regional brands such as BebeConfort ®, Cosco Kids ®, Mother’s Choice, and Infanti ®. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture.