Dorel Industries (OTCMKTS:DIIBF) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Dorel Industries Inc. (OTCMKTS:DIIBF) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.15 and traded as low as $1.00. Dorel Industries shares last traded at $1.03, with a volume of 9,300 shares.

Dorel Industries Price Performance

The company’s 50-day simple moving average is $1.15 and its 200 day simple moving average is $2.23. The company has a market cap of $33.61 million, a PE ratio of -0.33 and a beta of 1.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.46 and a current ratio of 0.94.

Dorel Industries (OTCMKTS:DIIBF) last released its earnings results on Tuesday, March 11th. The company reported ($1.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($1.58). Dorel Industries had a negative return on equity of 29.17% and a negative net margin of 7.32%. The firm had revenue of $326.85 million for the quarter, compared to analysts’ expectations of $352.00 million.

Dorel Industries Company Profile

Dorel Industries Inc engages in the design, manufacture, sourcing, marketing, and distribution of home and juvenile products worldwide. The company operates through Dorel Home and Dorel Juvenile segments. The Dorel Home segment offers ready-to assemble furniture and home furnishings products, including metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.