Dorel Industries (OTCMKTS:DIIBF) Issues Quarterly Earnings Results

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

Dorel Industries Price Performance

Dorel Industries stock opened at $2.56 on Thursday. The stock has a market cap of $83.43 million, a P/E ratio of -0.81 and a beta of 2.66. The company has a fifty day simple moving average of $3.15 and a 200-day simple moving average of $3.53. 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 has a 12-month low of $2.36 and a 12-month high of $5.53.

Analyst Ratings Changes

DIIBF has been the subject of several recent research reports. BMO Capital Markets upgraded Dorel Industries to a “hold” rating in a research note on Monday, November 18th. TD Securities cut shares of Dorel Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 18th.

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.