Dorel Industries (OTCMKTS:DIIBF) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Dorel Industries Inc. (OTCMKTS:DIIBF) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.39 and traded as low as $2.60. Dorel Industries shares last traded at $2.72, with a volume of 8,744 shares.

Analyst Ratings Changes

A number of research firms have recently commented on DIIBF. BMO Capital Markets upgraded Dorel Industries to a “hold” rating in a research report on Monday, November 18th. TD Securities lowered Dorel Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 18th.

Dorel Industries Stock Down 0.4 %

The business’s fifty day moving average price is $3.48 and its 200 day moving average price is $4.38. The firm has a market capitalization of $88.61 million, a price-to-earnings ratio of -0.86 and a beta of 2.65. The company has a current ratio of 0.94, a quick ratio of 0.46 and a debt-to-equity ratio of 0.28.

Dorel Industries Company Profile

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.