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

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

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

Dorel Industries Price Performance

Shares of OTCMKTS DIIBF opened at $2.80 on Monday. Dorel Industries has a fifty-two week low of $2.75 and a fifty-two week high of $5.53. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.67 and a current ratio of 1.45. The company has a market cap of $91.13 million, a PE ratio of -0.89 and a beta of 2.77. The business has a 50-day simple moving average of $4.11 and a two-hundred day simple moving average of $4.63.

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.