Dorel Industries (OTCMKTS:DIIBF) Shares Cross Below 50 Day Moving Average – Here’s Why

Dorel Industries Inc. (OTCMKTS:DIIBF) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.33 and traded as low as $1.3230. Dorel Industries shares last traded at $1.3230, with a volume of 454 shares changing hands.

Dorel Industries Price Performance

The firm has a 50 day moving average price of $1.32 and a 200 day moving average price of $1.26.

Dorel Industries (OTCMKTS:DIIBF) last announced its quarterly earnings data on Tuesday, March 10th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.26). The company had revenue of $278.94 million during the quarter, compared to the consensus estimate of $295.50 million.

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.