Dorel Industries (OTCMKTS:DIIBF) Share Price Crosses Below Fifty Day Moving Average - What's Next?

Dorel Industries Inc. (OTCMKTS:DIIBF - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.29 and traded as low as $2.50. Dorel Industries shares last traded at $2.80, with a volume of 3,103 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DIIBF. BMO Capital Markets upgraded shares of Dorel Industries to a "hold" rating in a research note on Monday, November 18th. TD Securities cut Dorel Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 18th.

Dorel Industries Price Performance

The firm has a market capitalization of $81.12 million, a P/E ratio of -0.79 and a beta of 2.65. The stock's fifty day simple moving average is $3.23 and its 200 day simple moving average is $4.24. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.94 and a quick ratio of 0.46.

Dorel Industries Company Profile

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.