Dorel Industries (TSE:DII.A) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Dorel Industries Inc (TSE:DII.A)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.86 and traded as low as C$1.55. Dorel Industries shares last traded at C$1.55, with a volume of 200 shares traded.

Dorel Industries Price Performance

The company has a quick ratio of 0.64, a current ratio of 1.45 and a debt-to-equity ratio of 287.70. The stock has a market capitalization of C$53.37 million, a price-to-earnings ratio of -0.37 and a beta of 1.40. The company’s 50-day simple moving average is C$1.64 and its 200 day simple moving average is C$1.86.

Dorel Industries (TSE:DII.A) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C($0.97) earnings per share for the quarter. The company had revenue of C$354.48 million during the quarter. Dorel Industries had a negative return on equity of 48.11% and a negative net margin of 6.47%. Equities research analysts forecast that Dorel Industries Inc will post 0.6941032 EPS for the current year.

Dorel Industries Company Profile

Dorel Industries Inc (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel’s strength lies in the diversity, innovation, and quality of its products, as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi ®, Safety 1st¿, and Tiny Love ®, complemented by regional brands such as BebeConfort ®, Cosco Kids ®, Mother’s Choice, and Infanti ®. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture.