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

Dorel Industries Inc. (OTCMKTS:DIIBF) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.29 and traded as low as $2.50. Dorel Industries shares last traded at $2.80, with a volume of 3,103 shares.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DIIBF shares. BMO Capital Markets upgraded shares of Dorel Industries to a “hold” rating in a research note on Monday, November 18th. TD Securities lowered Dorel Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 18th.

Dorel Industries Stock Performance

The company has a current ratio of 0.94, a quick ratio of 0.46 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $91.22 million, a P/E ratio of -0.89 and a beta of 2.65. The business’s 50 day simple moving average is $3.26 and its two-hundred day simple moving average is $4.26.

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.