Dorel Industries (OTCMKTS:DIIBF) Shares Pass Below Fifty Day Moving Average – What’s Next?

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.

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 company’s fifty day moving average is $3.04 and its 200 day moving average is $3.44. The company has a market cap of $51.16 million, a P/E ratio of -0.50 and a beta of 2.66.

Dorel Industries (OTCMKTS:DIIBF) last posted 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). Dorel Industries had a negative return on equity of 29.17% and a negative net margin of 7.32%. The company had revenue of $326.85 million during the quarter, compared to analysts’ expectations 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.