Dorel Industries (OTCMKTS:DIIBF) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Dorel Industries Inc. (OTCMKTS:DIIBF)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.40 and traded as low as $3.97. Dorel Industries shares last traded at $3.98, with a volume of 8,894 shares traded.

Dorel Industries Stock Performance

The company has a debt-to-equity ratio of 1.69, a current ratio of 1.45 and a quick ratio of 0.67. The company has a market cap of $129.58 million, a price-to-earnings ratio of -2.67 and a beta of 2.74. The firm has a 50 day simple moving average of $4.40 and a 200-day simple moving average of $4.70.

Dorel Industries (OTCMKTS:DIIBF) last issued its quarterly earnings data on Friday, August 9th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.28). The company had revenue of $348.08 million during the quarter. Dorel Industries had a negative net margin of 6.47% and a negative return on equity of 20.39%.

About Dorel Industries

Dorel Industries Inc engages in the design, manufacture, sourcing, marketing, and distribution of home and juvenile products worldwide. The company operates through Dorel Home and Dorel Juvenile segments. The Dorel Home segment offers ready-to assemble furniture and home furnishings products, including metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.