Dorel Industries (OTCMKTS:DIIBF) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Dorel Industries Inc. (OTCMKTS:DIIBF) passed 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 trading hands.

Dorel Industries Stock Performance

The firm has a market capitalization of $129.58 million, a price-to-earnings ratio of -2.67 and a beta of 2.74. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.45 and a quick ratio of 0.67. The firm has a 50 day moving average price of $4.40 and a 200-day moving average price of $4.70.

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

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.