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

Dorel Industries Inc. (OTCMKTS:DIIBF)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 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 changing hands.

Dorel Industries Price Performance

The company’s 50 day moving average is $3.04 and its 200-day moving average is $3.44. 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 $51.16 million, a price-to-earnings ratio of -0.50 and a beta of 2.66.

Dorel Industries (OTCMKTS:DIIBF) last announced its quarterly earnings data 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). The firm had revenue of $326.85 million during the quarter, compared to the consensus estimate of $352.00 million. Dorel Industries had a negative net margin of 7.32% and a negative return on equity of 29.17%.

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.