Dorel Industries (OTCMKTS:DIIBF) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Dorel Industries Inc. (OTCMKTS:DIIBF) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.15 and traded as high as $1.15. Dorel Industries shares last traded at $1.1420, with a volume of 6,816 shares.

Wall Street Analysts Forecast Growth

Separately, TD Securities reissued a “hold” rating on shares of Dorel Industries in a research report on Friday, August 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Dorel Industries Price Performance

The business’s 50 day moving average price is $1.15 and its 200 day moving average price is $1.19. The stock has a market capitalization of $39.26 million, a P/E ratio of -0.27 and a beta of 1.61.

Dorel Industries (OTCMKTS:DIIBF) last issued its earnings results on Wednesday, August 5th. The company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.25). The company had revenue of $249.50 million for the quarter, compared to the consensus estimate of $283.60 million.

About Dorel Industries

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.