Dorel Industries (OTCMKTS:DIIBF) Shares Cross Below Fifty Day Moving Average of $4.87

Shares of Dorel Industries Inc. (OTCMKTS:DIIBF) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.87 and traded as low as $4.56. Dorel Industries shares last traded at $4.61, with a volume of 8,710 shares trading hands.

Dorel Industries Stock Down 10.1 %

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 business has a 50-day simple moving average of $4.84 and a two-hundred day simple moving average of $4.82. The stock has a market capitalization of $134.79 million, a P/E ratio of -2.78 and a beta of 2.74.

Dorel Industries (OTCMKTS:DIIBF) last posted its earnings results on Friday, August 9th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.28). Dorel Industries had a negative return on equity of 20.39% and a negative net margin of 6.47%. The firm had revenue of $348.08 million during the quarter.

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.