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

Dorel Industries Inc. (OTCMKTS:DIIBF)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.33 and traded as low as $1.3230. Dorel Industries shares last traded at $1.3230, with a volume of 454 shares changing hands.

Dorel Industries Stock Performance

The stock has a market cap of $45.87 million, a price-to-earnings ratio of -0.30 and a beta of 1.83. The stock’s 50-day simple moving average is $1.33 and its two-hundred day simple moving average is $1.26.

Dorel Industries (OTCMKTS:DIIBF) last issued its quarterly earnings results on Tuesday, March 10th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.26). The business had revenue of $278.94 million during the quarter, compared to analyst estimates of $295.50 million. Dorel Industries had a negative net margin of 11.95% and a negative return on equity of 299.25%.

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.