Dorel Industries (TSE:DII.A) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Shares of Dorel Industries Inc (TSE:DII.AGet Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$2.76 and traded as low as C$1.55. Dorel Industries shares last traded at C$1.55, with a volume of 300 shares traded.

Dorel Industries Price Performance

The company has a market capitalization of C$6.42 million, a price-to-earnings ratio of -0.40 and a beta of 3.06. The firm has a 50-day moving average of C$2.76. The company has a debt-to-equity ratio of 287.70, a current ratio of 1.45 and a quick ratio of 0.64.

About Dorel Industries

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Dorel Industries Inc designs, manufactures, sources, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company's Dorel Home segment engages in the design, manufacture, sourcing, and distribution of ready-to assemble furniture and home furnishings, including metal folding furniture, children's furniture, step stool, hand truck, ladder, outdoor furniture, and other imported furniture and futon products.

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