Dorel Industries (OTCMKTS:DIIBF) Shares Break Below Fifty Day Moving Average – Time to Sell?

Dorel Industries Inc. (OTCMKTS:DIIBF) shares crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $1.06 and traded as low as $0.9486. Dorel Industries shares last traded at $0.9486, with a volume of 381 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities reaffirmed a “hold” rating on shares of Dorel Industries in a report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Dorel Industries Stock Performance

The company has a market capitalization of $32.57 million, a price-to-earnings ratio of -0.23 and a beta of 1.63. The firm has a fifty day moving average price of $1.06 and a 200-day moving average price of $1.12.

Dorel Industries (OTCMKTS:DIIBF) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.25). The company had revenue of $249.50 million during the quarter, compared to analyst estimates of $283.60 million.

Dorel Industries Company Profile

Dorel Industries Inc was a Canadian consumer-products company headquartered in Montreal, Quebec. Its operations historically focused on juvenile products, home furnishings and bicycles, serving retailers and consumers in North America, Europe and other international markets.

Through its Dorel Juvenile segment, the company developed and marketed car seats, strollers, playards, high chairs and other infant and child-care products under brands including Safety 1st, Maxi-Cosi, Cosco and Quinny.