Dorel Industries (OTCMKTS:DIIBF – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.25), Zacks reports.
Dorel Industries Stock Performance
Dorel Industries stock remained flat at $1.14 during trading hours on Wednesday. 14,457 shares of the company’s stock were exchanged, compared to its average volume of 5,147. The company’s 50 day simple moving average is $1.13 and its two-hundred day simple moving average is $1.23. Dorel Industries has a 1-year low of $0.83 and a 1-year high of $1.76. The stock has a market cap of $39.52 million, a PE ratio of -0.26 and a beta of 1.58.
Wall Street Analyst Weigh In
Separately, TD Securities upgraded shares of Dorel Industries to a “hold” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Dorel Industries presently has a consensus rating of “Hold”.
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.
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