Dorel Industries (OTCMKTS:DIIBF) Downgraded by TD Securities to Hold

Dorel Industries (OTCMKTS:DIIBF) was downgraded by stock analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, BMO Capital Markets raised shares of Dorel Industries to a “hold” rating in a research note on Monday.

Dorel Industries Stock Down 0.7 %

Shares of OTCMKTS DIIBF opened at $2.80 on Monday. The firm’s 50-day moving average price is $4.11 and its 200-day moving average price is $4.63. The company has a current ratio of 1.45, a quick ratio of 0.67 and a debt-to-equity ratio of 1.69. Dorel Industries has a 12-month low of $2.75 and a 12-month high of $5.53. The stock has a market capitalization of $91.13 million, a price-to-earnings ratio of -0.89 and a beta of 2.77.

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.