Dorel Industries (OTCMKTS:DIIBF) Shares Cross Below 50 Day Moving Average – What’s Next?

Shares of Dorel Industries Inc. (OTCMKTS:DIIBF) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $4.40 and traded as low as $3.97. Dorel Industries shares last traded at $3.98, with a volume of 8,894 shares.

Dorel Industries Stock Performance

The firm has a market capitalization of $128.37 million, a P/E ratio of -1.40 and a beta of 2.74. The stock has a fifty day simple moving average of $4.38 and a two-hundred day simple moving average of $4.70. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.45 and a quick ratio of 0.67.

Dorel Industries (OTCMKTS:DIIBF) last issued its earnings results on Friday, August 9th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.28). The business had revenue of $348.08 million during the quarter. Dorel Industries had a negative return on equity of 20.39% and a negative net margin of 6.47%.

About Dorel Industries

Dorel Industries Inc engages in the design, manufacture, sourcing, marketing, and distribution of home and juvenile products worldwide. The company operates through Dorel Home and Dorel Juvenile segments. The Dorel Home segment offers ready-to assemble furniture and home furnishings products, including metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.