Dorel Industries (OTCMKTS:DIIBF) Announces Quarterly Earnings Results

Dorel Industries (OTCMKTS:DIIBF) issued its quarterly earnings results on Monday. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04), Zacks reports.

Dorel Industries Price Performance

OTCMKTS DIIBF traded down $0.04 during trading on Monday, hitting $0.91. The company’s stock had a trading volume of 20,518 shares, compared to its average volume of 6,169. The company has a market cap of $31.13 million, a PE ratio of -0.22 and a beta of 1.11. The business’s 50 day simple moving average is $1.02 and its 200-day simple moving average is $1.17. Dorel Industries has a fifty-two week low of $0.79 and a fifty-two week high of $1.76.

Wall Street Analysts Forecast Growth

Separately, TD Securities reiterated a “hold” rating on shares of Dorel Industries in a report on Friday, August 7th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock has an average rating of “Hold”.

About Dorel Industries

Dorel Industries Inc was a Canadian consumer-products company headquartered in Montreal, Quebec. Founded in 1962, the company developed and marketed products through three principal business areas: juvenile products, home furnishings and recreational products. Its brands and operations served consumers through major retailers, e-commerce channels and specialty dealers in North America, Europe, Latin America and other international markets.

Dorel Juvenile produced car seats, strollers, playards, high chairs and other infant and child-care products.