Dorel Industries (OTCMKTS:DIIBF) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Dorel Industries Inc. (OTCMKTS:DIIBF) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.67 and traded as low as $4.00. Dorel Industries shares last traded at $4.18, with a volume of 4,547 shares trading hands.

Dorel Industries Price Performance

The company has a quick ratio of 0.67, a current ratio of 1.45 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $136.18 million, a P/E ratio of -1.49 and a beta of 2.74. The business has a 50 day simple moving average of $4.67 and a 200-day simple moving average of $4.79.

Dorel Industries (OTCMKTS:DIIBF) last posted its earnings results on Friday, August 9th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%.

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.