Dorel Industries (OTCMKTS:DIIBF) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Dorel Industries Inc. (OTCMKTS:DIIBF) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.15 and traded as low as $1.11. Dorel Industries shares last traded at $1.11, with a volume of 1,564 shares changing hands.

Dorel Industries Stock Performance

The company has a market cap of $38.48 million, a P/E ratio of -0.26 and a beta of 1.56. The firm has a 50 day moving average price of $1.15 and a 200-day moving average price of $1.25.

Dorel Industries (OTCMKTS:DIIBF) last posted 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 company had revenue of $267.84 million for 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.