Dorel Industries Inc. (DIIBF) Cut to “Hold” at ValuEngine

ValuEngine cut shares of Dorel Industries Inc. (OTCMKTS:DIIBF) from a buy rating to a hold rating in a research report released on Thursday.

Dorel Industries (DIIBF) opened at $24.34 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.40. Dorel Industries has a one year low of $22.73 and a one year high of $30.80. The firm has a market cap of $788.69, a P/E ratio of 13.91 and a beta of 1.34.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Wednesday, November 15th. Dorel Industries’s payout ratio is currently 139.54%.

About Dorel Industries

Dorel Industries Inc is a Canada-based global consumer products company which designs, manufactures and distributes a portfolio of product brands. The Company markets its products in the United States, Europe, Latin America, Canada, and Asia. The Company operates through three segments: Dorel Juvenile, Dorel Sports and Dorel Home Furnishings.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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