Dorel Industries (TSE:DII.A) Shares Down 3.3% – Here’s What Happened

Dorel Industries Inc (TSE:DII.A)’s share price was down 3.3% during trading on Thursday. The company traded as low as C$1.45 and last traded at C$1.45. Approximately 100 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 907 shares. The stock had previously closed at C$1.50.

Dorel Industries Stock Performance

The company has a market capitalization of C$49.93 million, a PE ratio of -0.35 and a beta of 1.48. 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 50-day moving average price of C$1.56 and a two-hundred day moving average price of C$1.72.

Dorel Industries (TSE:DII.A) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C($0.97) earnings per share (EPS) for the quarter. Dorel Industries had a negative return on equity of 48.11% and a negative net margin of 6.47%. The company had revenue of C$354.48 million for the quarter. Analysts predict that Dorel Industries Inc will post 0.69 EPS for the current fiscal 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.