Dorel Industries (DIIBF) Raised to “Buy” at TD Securities

TD Securities upgraded shares of Dorel Industries (OTCMKTS:DIIBF) from a hold rating to a buy rating in a report released on Monday morning, The Fly reports.

Separately, ValuEngine downgraded shares of Dorel Industries from a sell rating to a strong sell rating in a report on Thursday, August 2nd.

DIIBF opened at $15.06 on Monday. Dorel Industries has a 52-week low of $15.06 and a 52-week high of $26.19. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.85 and a current ratio of 1.85. The stock has a market cap of $522.24 million, a PE ratio of 10.59 and a beta of 1.13.

Dorel Industries (OTCMKTS:DIIBF) last posted its quarterly earnings data on Friday, November 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.03). Dorel Industries had a negative net margin of 0.13% and a positive return on equity of 4.61%. The company had revenue of $670.44 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 7.97%.

Dorel Industries Company Profile

Dorel Industries Inc designs, manufactures, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company operates through three segments: Dorel Juvenile, Dorel Sports, and Dorel Home. The Dorel Juvenile segment engages in the design, sourcing, manufacturing, distribution, and retail of children's accessories, which include infant car seats, strollers, high chairs, and infant health and safety aids.

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