Dorel Industries (TSE:DII.A) Stock Price Down 4.5% – What’s Next?

Dorel Industries Inc (TSE:DII.A)’s stock price was down 4.5% during mid-day trading on Friday . The stock traded as low as C$1.70 and last traded at C$1.70. 100 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 1,097 shares. The stock had previously closed at C$1.78.

Dorel Industries Price Performance

The business’s 50 day moving average price is C$1.81 and its 200-day moving average price is C$2.06. The company has a quick ratio of 0.64, a current ratio of 1.45 and a debt-to-equity ratio of 287.70. The company has a market cap of C$58.86 million, a PE ratio of -0.39 and a beta of 1.48.

Dorel Industries (TSE:DII.A) last announced its earnings results on Thursday, May 7th. The company reported C($0.90) earnings per share for the quarter. The firm had revenue of C$372.38 million during the quarter. Dorel Industries had a negative net margin of 6.47% and a negative return on equity of 48.11%. As a group, analysts forecast that Dorel Industries Inc will post 0.6941032 earnings per share for the current year.

About Dorel Industries

Dorel Industries Inc (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel’s strength lies in the diversity, innovation, and quality of its products, as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi ®, Safety 1st¿, and Tiny Love ®, complemented by regional brands such as BebeConfort ®, Cosco Kids ®, Mother’s Choice, and Infanti ®. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture.