Dorel Industries (OTCMKTS:DIIBF) Announces Quarterly Earnings Results

Dorel Industries (OTCMKTS:DIIBF) issued its quarterly earnings data on Wednesday. The company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.25), Zacks reports.

Dorel Industries Price Performance

Shares of OTCMKTS DIIBF remained flat at $1.14 during trading hours on Wednesday. The company had a trading volume of 14,457 shares, compared to its average volume of 3,893. Dorel Industries has a 12 month low of $0.83 and a 12 month high of $1.76. The stock has a 50 day moving average price of $1.13 and a 200-day moving average price of $1.23.

Wall Street Analysts Forecast Growth

Separately, TD Securities upgraded shares of Dorel Industries to a “hold” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Dorel Industries

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.