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Dorel Industries (OTCMKTS:DIIBF) Shares Pass Below 50-Day Moving Average - What's Next?

Dorel Industries logo with Consumer Discretionary background

Dorel Industries Inc. (OTCMKTS:DIIBF - Get Free Report) 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 changing hands.

Dorel Industries Price Performance

The firm has a fifty day moving average of $4.40 and a two-hundred day moving average of $4.70. The company has a current ratio of 1.45, a quick ratio of 0.67 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $129.58 million, a PE ratio of -2.67 and a beta of 2.74.

Dorel Industries (OTCMKTS:DIIBF - Get Free Report) last posted its quarterly earnings results on Friday, August 9th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.28). The business had revenue of $348.08 million for the quarter. Dorel Industries had a negative net margin of 6.47% and a negative return on equity of 20.39%.

About Dorel Industries

(Get Free Report)

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.

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