Dorel Industries (OTCMKTS:DIIBF) Stock Crosses Below 50 Day Moving Average – Here’s Why

Dorel Industries Inc. (OTCMKTS:DIIBF) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.22 and traded as low as $1.18. Dorel Industries shares last traded at $1.18, with a volume of 4,709 shares changing hands.

Dorel Industries Stock Up 4.0%

The business has a fifty day moving average of $1.22 and a 200 day moving average of $1.24. The firm has a market cap of $40.91 million, a P/E ratio of -0.27 and a beta of 1.61.

Dorel Industries (OTCMKTS:DIIBF) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.07). The company had revenue of $267.84 million during the quarter, compared to analyst estimates of $299.70 million.

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.