Dorel Industries (TSE:DII.A) Stock Passes Below 50 Day Moving Average – Time to Sell?

Shares of Dorel Industries Inc (TSE:DII.A) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$2.47 and traded as low as C$1.82. Dorel Industries shares last traded at C$1.82, with a volume of 1,300 shares.

Dorel Industries Stock Performance

The company’s 50-day moving average price is C$2.47 and its two-hundred day moving average price is C$2.30. The company has a debt-to-equity ratio of 287.70, a quick ratio of 0.64 and a current ratio of 1.45. The stock has a market cap of C$63.07 million, a PE ratio of -0.42 and a beta of 1.06.

Dorel Industries Company Profile

Dorel Industries Inc is a Canadian company that sells juvenile products and furniture. Its segments include Dorel Home and Dorel Juvenile. Dorel Home segment is engaged in the design, sourcing, manufacturing, and distribution of ready-to-assemble furniture and home furnishings which include metal folding furniture, futons, children’s furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items. Dorel Juvenile segment is engaged in the design, sourcing, manufacturing, distribution, and retail of children’s accessories which include infant car seats, strollers, high chairs, and infant health and safety aids.