Consumer Goods Stock Rises on Financial Results

Dorel Industries Inc. (TSX:DII.B), a consumer goods stock, rose announcing Fiscal 2019 financial results

Sean Mason | March 12, 2020 | SmallCapPower

A small loss was a gain for investors in a consumer goods stock Thursday. Here’s some small stocks making big moves on Thursday, March 12, 2020 (as of 4 pm EST):

Dorel Industries Inc. (TSX:DII.B), a consumer goods stock, rose as much as 7% before ending down 25% to $1.95 on Thursday after announcing that its Fiscal 2019 net loss narrowed to US$10.5 million from US$444.3 million during 2018, while full-year revenue was flat at US$2.63 billion.

Win Big With Our Small Cap Picks


As well, shares of exactEarth Ltd. (TSX:XCT) climbed as much as 8% as the provider of Satellite-AIS data services said its first-quarter revenue increased 17% to $4.1 million, while its net loss for the period narrowed to $0.6 million from $1.2 million a year earlier.

Linamar Corporation (TSX:LNR), meanwhile, reported 2019 free cash flow of more than $670 million, $380 million of which was generated in the fourth quarter of 2019. Linamar stock moved up 4% to $30.30 following the announcement.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

To read our full disclosure, please click on the button below: