Dorel Industries (OTCMKTS:DIIBF) Shares Cross Below 50 Day Moving Average – What’s Next?

Dorel Industries Inc. (OTCMKTS:DIIBF) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $4.40 and traded as low as $3.97. Dorel Industries shares last traded at $3.98, with a volume of 8,894 shares changing hands.

Dorel Industries Stock Performance

The company has a fifty day moving average price of $4.38 and a 200 day moving average price of $4.70. The stock has a market cap of $128.37 million, a P/E ratio of -1.40 and a beta of 2.74. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.45 and a quick ratio of 0.67.

Dorel Industries (OTCMKTS:DIIBF) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.42) earnings per share (EPS) 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 company had revenue of $348.08 million for 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.