Dorel Industries (OTCMKTS:DIIBF) Issues Quarterly Earnings Results

Dorel Industries (OTCMKTS:DIIBF) issued its earnings results on Tuesday. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.26), Zacks reports. The company had revenue of $278.94 million for the quarter, compared to the consensus estimate of $295.50 million. Dorel Industries had a negative return on equity of 299.25% and a negative net margin of 15.40%.

Dorel Industries Stock Down 0.7%

OTCMKTS DIIBF traded down $0.01 during trading on Wednesday, reaching $1.35. 3,900 shares of the stock traded hands, compared to its average volume of 4,498. Dorel Industries has a fifty-two week low of $0.83 and a fifty-two week high of $2.56. The firm has a market cap of $46.80 million, a price-to-earnings ratio of -0.23 and a beta of 1.83. The stock’s 50-day moving average price is $1.35 and its 200 day moving average price is $1.22.

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.