Dorel Industries (DIIBF) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of Dorel Industries (OTCMKTS:DIIBF) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

Shares of Dorel Industries (OTCMKTS:DIIBF) opened at $24.07 on Friday. Dorel Industries has a fifty-two week low of $22.73 and a fifty-two week high of $30.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.91 and a quick ratio of 0.88. The firm has a market capitalization of $756.60, a PE ratio of 13.34 and a beta of 1.30.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.99%. The ex-dividend date was Wednesday, November 15th. Dorel Industries’s payout ratio is currently 139.54%.

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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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