Dorel Industries (OTCMKTS:DIIBF) Share Price Passes Below 50 Day Moving Average – What’s Next?

Dorel Industries Inc. (OTCMKTS:DIIBF)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-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 traded.

Dorel Industries Stock Performance

The company’s 50 day simple moving average is $1.17 and its 200 day simple moving average is $1.24. The stock has a market cap of $36.40 million, a PE ratio of -0.24 and a beta of 1.60.

Dorel Industries (OTCMKTS:DIIBF) last announced 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 analysts’ expectations 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.