Dorel Industries (OTCMKTS:DIIBF) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Dorel Industries Inc. (OTCMKTS:DIIBF) shares 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 trading hands.

Dorel Industries Stock Performance

The stock has a market capitalization of $52.80 million, a P/E ratio of -0.51 and a beta of 2.66. The company has a 50 day simple moving average of $2.98 and a 200-day simple moving average of $3.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.94 and a quick ratio of 0.46.

Dorel Industries (OTCMKTS:DIIBF) last issued its earnings results on Tuesday, March 11th. The company reported ($1.82) earnings per share (EPS) for the quarter, missing the consensus estimate 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.