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

Dorel Industries Inc. (OTCMKTS:DIIBF)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.59 and traded as low as $1.22. Dorel Industries shares last traded at $1.28, with a volume of 8,848 shares changing hands.

Dorel Industries Price Performance

The stock has a market capitalization of $30.90 million, a P/E ratio of -0.30 and a beta of 2.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.46 and a current ratio of 0.94. The firm has a 50-day moving average price of $2.55 and a 200 day moving average price of $3.16.

Dorel Industries (OTCMKTS:DIIBF) last issued its quarterly earnings results on Tuesday, March 11th. The company reported ($1.82) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($1.58). The business had revenue of $326.85 million for the quarter, compared to the consensus estimate of $352.00 million. Dorel Industries had a negative net margin of 7.32% and a negative return on equity of 29.17%.

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.