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

Dorel Industries Inc. (OTCMKTS:DIIBF) shares 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 trading hands.

Dorel Industries Stock Up 4.0%

The company has a market cap of $40.91 million, a P/E ratio of -0.27 and a beta of 1.61. The business has a 50-day moving average price of $1.22 and a two-hundred day moving average price of $1.24.

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