Dorel Industries (OTCMKTS:DIIBF) Stock Price Down 2.1% – Should You Sell?

Shares of Dorel Industries Inc. (OTCMKTS:DIIBF) traded down 2.1% during mid-day trading on Wednesday . The stock traded as low as $1.2525 and last traded at $1.2525. 17,506 shares changed hands during trading, an increase of 329% from the average session volume of 4,081 shares. The stock had previously closed at $1.28.

Dorel Industries Price Performance

The company’s 50-day moving average price is $1.26 and its 200-day moving average price is $1.27. The company has a market cap of $43.42 million, a P/E ratio of -0.29 and a beta of 1.80.

Dorel Industries (OTCMKTS:DIIBF) last released its earnings results on Tuesday, March 10th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.26). The company had revenue of $278.94 million for the quarter, compared to analyst estimates of $295.50 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.