Dorel Industries (OTCMKTS:DIIBF) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Dorel Industries Inc. (OTCMKTS:DIIBF)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.15 and traded as low as $1.11. Dorel Industries shares last traded at $1.11, with a volume of 1,564 shares.

Dorel Industries Stock Performance

The firm has a fifty day simple moving average of $1.15 and a 200 day simple moving average of $1.25. The company has a market capitalization of $38.48 million, a PE ratio of -0.26 and a beta of 1.56.

Dorel Industries (OTCMKTS:DIIBF) last issued 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 business had revenue of $267.84 million during the quarter, compared to analyst estimates 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.