Dorel Ind Inc A MV Got Some Bad News

Today, an analyst has provided a rating update for the Consumer Goods sector company, Dorel Ind Inc A MV (TSX: DII.A). Analyst Derek Dley from Canaccord Genuity rated Dorel Ind Inc A MV (TSX: DII.A) a Sell, setting a C$22 price target.

According to TipRanks.com, Dley is ranked #459 out of 4778 analysts.

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Dorel Ind Inc A MV has an analyst consensus of Moderate Sell, with a price target consensus of C$22.

Based on Dorel Ind Inc A MV’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$3.8 million. In comparison, last year the company had a net profit of C$11.7 million.

Dorel Industries, Inc. is a global consumer, juvenile products, and bicycle company, which engages in the design, manufacture or sources, market, and distribution of divers portfolio of products brands. It operates through the following business segments: Dorel Juvenile, Dorel Sports, and Dorel Home Furnishings.

The company’s shares closed on Friday at C$26.89, close to its 52-week low of C$26.43.