Dorel Industries (TSE:DII.A) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Dorel Industries Inc (TSE:DII.AGet Free Report)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$5.22 and traded as high as C$5.45. Dorel Industries shares last traded at C$5.00, with a volume of 567 shares traded.

Dorel Industries Price Performance

The company has a quick ratio of 0.64, a current ratio of 1.45 and a debt-to-equity ratio of 287.70. The company has a 50 day moving average of C$5.22. The stock has a market capitalization of C$20.70 million, a PE ratio of -1.30 and a beta of 3.06.

Dorel Industries Company Profile

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Dorel Industries Inc designs, manufactures, sources, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company's Dorel Home segment engages in the design, manufacture, sourcing, and distribution of ready-to assemble furniture and home furnishings, including metal folding furniture, children's furniture, step stool, hand truck, ladder, outdoor furniture, and other imported furniture and futon products.

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