Dorel Industries (OTCMKTS:DIIBF) Announces Earnings Results

Dorel Industries (OTCMKTS:DIIBF) announced its earnings results on Tuesday. The company reported ($1.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($1.58), Zacks reports. Dorel Industries had a negative net margin of 7.32% and a negative return on equity of 29.17%.

Dorel Industries Stock Down 0.8 %

Dorel Industries stock traded down $0.02 during trading hours on Tuesday, hitting $2.56. The stock had a trading volume of 107 shares, compared to its average volume of 6,223. The stock’s 50-day moving average price is $3.15 and its 200-day moving average price is $3.56. The stock has a market capitalization of $83.43 million, a P/E ratio of -0.81 and a beta of 2.66. Dorel Industries has a 12-month low of $2.36 and a 12-month high of $5.53. The company has a quick ratio of 0.46, a current ratio of 0.94 and a debt-to-equity ratio of 0.28.

Analysts Set New Price Targets

DIIBF has been the topic of several recent research reports. TD Securities downgraded Dorel Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 18th. BMO Capital Markets raised Dorel Industries to a “hold” rating in a research note on Monday, November 18th.

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.