Dorel Industries (OTCMKTS:DIIBF) Share Price Passes Below 50 Day Moving Average – What’s Next?

Dorel Industries Inc. (OTCMKTS:DIIBF) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.21 and traded as low as $0.93. Dorel Industries shares last traded at $1.17, with a volume of 4,700 shares trading hands.

Dorel Industries Stock Up 12.5 %

The firm has a 50 day moving average price of $2.21 and a 200-day moving average price of $2.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.94 and a quick ratio of 0.46. The firm has a market cap of $38.18 million, a price-to-earnings ratio of -0.37 and a beta of 2.53.

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

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.