Dorel Industries (TSE:DII.A) Shares Break Below 50 Day Moving Average – Here’s What Happened

Dorel Industries Inc (TSE:DII.A) shares passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of C$1.62 and traded as low as C$1.50. Dorel Industries shares last traded at C$1.50, with a volume of 200 shares traded.

Dorel Industries Price Performance

The stock has a market capitalization of C$51.65 million, a P/E ratio of -0.36 and a beta of 1.40. The firm’s fifty day moving average is C$1.61 and its 200-day moving average is C$1.81. The company has a current ratio of 1.45, a quick ratio of 0.64 and a debt-to-equity ratio of 287.70.

Dorel Industries (TSE:DII.A) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C($0.97) earnings per share for the quarter. The firm had revenue of C$354.48 million for the quarter. Dorel Industries had a negative return on equity of 48.11% and a negative net margin of 6.47%. As a group, equities research analysts predict that Dorel Industries Inc will post 0.6941032 earnings per share for the current year.

Dorel Industries Company Profile

Dorel Industries Inc (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel’s strength lies in the diversity, innovation, and quality of its products, as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi ®, Safety 1st¿, and Tiny Love ®, complemented by regional brands such as BebeConfort ®, Cosco Kids ®, Mother’s Choice, and Infanti ®. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture.