Dorel Industries (OTCMKTS:DIIBF) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Dorel Industries Inc. (OTCMKTS:DIIBF) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.17 and traded as low as $1.0840. Dorel Industries shares last traded at $1.0840, with a volume of 4,523 shares changing hands.

Dorel Industries Trading Up 2.3%

The stock has a market cap of $37.58 million, a price-to-earnings ratio of -0.25 and a beta of 1.60. The stock has a fifty day simple moving average of $1.17 and a 200-day simple moving average of $1.24.

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