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

Dorel Industries Inc. (OTCMKTS:DIIBF)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.04 and traded as low as $1.57. Dorel Industries shares last traded at $1.57, with a volume of 4,237 shares trading hands.

Dorel Industries Stock Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.46 and a current ratio of 0.94. The company has a market capitalization of $52.80 million, a P/E ratio of -0.51 and a beta of 2.66. The business has a 50 day moving average of $2.98 and a 200-day moving average of $3.41.

Dorel Industries (OTCMKTS:DIIBF) last released its quarterly earnings data on Tuesday, March 11th. The company reported ($1.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($1.58). Dorel Industries had a negative net margin of 7.32% and a negative return on equity of 29.17%. The company had revenue of $326.85 million for the quarter, compared to the consensus estimate of $352.00 million.

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.