Dorel Industries (OTCMKTS:DIIBF) Stock Price Up 4.7% – Time to Buy?

Shares of Dorel Industries Inc. (OTCMKTS:DIIBF) rose 4.7% during mid-day trading on Friday . The stock traded as high as $1.33 and last traded at $1.33. Approximately 1,632 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 16,189 shares. The stock had previously closed at $1.27.

Dorel Industries Price Performance

The stock has a market capitalization of $43.44 million, a price-to-earnings ratio of -0.23 and a beta of 1.79. The firm has a fifty day moving average of $1.14 and a 200 day moving average of $1.13.

Dorel Industries (OTCMKTS:DIIBF) last announced its quarterly earnings results on Friday, November 7th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.54). The company had revenue of $298.57 million during the quarter, compared to analyst estimates of $294.80 million. Dorel Industries had a negative net margin of 15.40% and a negative return on equity of 299.25%.

Dorel Industries Company Profile

Dorel Industries Inc is a publicly traded Canadian company engaged in the design, manufacture and distribution of consumer products across two core segments. Headquartered in Montreal, Quebec, Dorel serves retailers and end consumers in North America, Europe and select markets in Asia and Latin America. The company markets globally recognized brands and maintains an integrated supply chain encompassing product development, manufacturing and distribution.

The Dorel Juvenile segment produces a wide range of baby and children’s products, including car seats, strollers, high chairs, play yards and nursery furniture.