Dorel Industries (OTCMKTS:DIIBF) Upgraded to Sell by ValuEngine

ValuEngine upgraded shares of Dorel Industries (OTCMKTS:DIIBF) from a strong sell rating to a sell rating in a report published on Thursday, ValuEngine reports.

Shares of OTCMKTS:DIIBF traded down $0.21 during trading hours on Thursday, hitting $6.87. The stock had a trading volume of 802 shares, compared to its average volume of 2,566. The firm has a fifty day moving average price of $7.76. Dorel Industries has a 1-year low of $6.73 and a 1-year high of $20.40. The firm has a market capitalization of $218.32 million, a price-to-earnings ratio of 5.79 and a beta of 0.86. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.02 and a quick ratio of 0.46.

Dorel Industries (OTCMKTS:DIIBF) last announced its quarterly earnings results on Friday, May 10th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.23). Dorel Industries had a negative net margin of 17.57% and a positive return on equity of 4.96%. The firm had revenue of $625.56 million during the quarter.

Dorel Industries Company Profile

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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