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

Dorel Industries Inc. (OTCMKTS:DIIBF) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.24 and traded as low as $1.1397. Dorel Industries shares last traded at $1.1397, with a volume of 26,768 shares trading hands.

Dorel Industries Trading Down 0.9%

The stock’s 50 day moving average price is $1.24 and its 200 day moving average price is $1.24. The company has a market cap of $39.18 million, a price-to-earnings ratio of -0.26 and a beta of 1.61.

Dorel Industries (OTCMKTS:DIIBF) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.07). The firm had revenue of $267.84 million for the quarter, compared to the consensus estimate of $299.70 million.

Dorel Industries Company Profile

Dorel Industries Inc is a publicly traded Canadian company engaged in the design, manufacture and distribution of consumer products across two core segments. Headquartered in Montreal, Quebec, Dorel serves retailers and end consumers in North America, Europe and select markets in Asia and Latin America. The company markets globally recognized brands and maintains an integrated supply chain encompassing product development, manufacturing and distribution.

The Dorel Juvenile segment produces a wide range of baby and children’s products, including car seats, strollers, high chairs, play yards and nursery furniture.