Dorel Industries (OTCMKTS:DIIBF) Trading Down 0.4% – What’s Next?

Dorel Industries Inc. (OTCMKTS:DIIBF)’s stock price fell 0.4% during mid-day trading on Thursday . The company traded as low as $1.1950 and last traded at $1.1950. Approximately 214 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 1,807 shares. The stock had previously closed at $1.20.

Dorel Industries Trading Down 0.4%

The stock has a market capitalization of $41.43 million, a P/E ratio of -0.28 and a beta of 1.56. The stock’s 50 day simple moving average is $1.15 and its 200 day simple moving average is $1.24.

Dorel Industries (OTCMKTS:DIIBF) last released its earnings results on Thursday, May 7th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.58) by ($0.07). The firm had revenue of $267.84 million for the quarter, compared to the consensus estimate of $299.70 million.

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.