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

Dorel Industries Inc. (OTCMKTS:DIIBF)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.59 and traded as low as $1.22. Dorel Industries shares last traded at $1.28, with a volume of 8,848 shares changing hands.

Dorel Industries Stock Down 25.7 %

The company’s fifty day simple moving average is $2.55 and its 200 day simple moving average is $3.16. 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 $30.90 million, a P/E ratio of -0.30 and a beta of 2.66.

Dorel Industries (OTCMKTS:DIIBF) last released its quarterly earnings results on Tuesday, March 11th. The company reported ($1.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $352.00 million.

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.