Dorel Industries (TSE:DII.A) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Dorel Industries Inc (TSE:DII.AGet Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.00 and traded as low as C$1.62. Dorel Industries shares last traded at C$1.62, with a volume of 100 shares trading hands.

Dorel Industries Price Performance

The company has a debt-to-equity ratio of 287.70, a current ratio of 1.45 and a quick ratio of 0.64. The firm has a fifty day moving average of C$1.75 and a two-hundred day moving average of C$2.00. The stock has a market capitalization of C$55.78 million, a P/E ratio of -0.39 and a beta of 1.41.

Dorel Industries (TSE:DII.AGet Free Report) last issued its earnings results on Wednesday, August 5th. The company reported C($0.97) earnings per share (EPS) for the quarter. The business had revenue of C$354.48 million for the quarter. Dorel Industries had a negative return on equity of 48.11% and a negative net margin of 6.47%. On average, analysts predict that Dorel Industries Inc will post 0.6941032 EPS for the current year.

Dorel Industries Company Profile

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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.

Further Reading

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