Dorel Industries (OTCMKTS:DIIBF) Stock Price Crosses Below 50 Day Moving Average of $5.03

Dorel Industries Inc. (OTCMKTS:DIIBF) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.03 and traded as low as $4.95. Dorel Industries shares last traded at $4.97, with a volume of 83,015 shares traded.

Dorel Industries Trading Up 0.3 %

The company has a market capitalization of $162.22 million, a price-to-earnings ratio of -3.34 and a beta of 2.75. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.65 and a current ratio of 1.48. The firm has a fifty day moving average price of $5.03 and a 200-day moving average price of $4.77.

Dorel Industries (OTCMKTS:DIIBF) last released its earnings results 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). The company had revenue of $348.08 million for the quarter. Dorel Industries had a negative return on equity of 19.59% and a negative net margin of 3.44%.

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.