Dorel Industries (OTCMKTS:DIIBF) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Dorel Industries Inc. (OTCMKTS:DIIBFGet Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.13 and traded as low as $1.0264. Dorel Industries shares last traded at $1.0264, with a volume of 689 shares traded.

Analyst Ratings Changes

Separately, TD Securities reiterated a “hold” rating on shares of Dorel Industries in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on DIIBF

Dorel Industries Stock Down 3.8%

The stock has a market cap of $34.68 million, a PE ratio of -0.24 and a beta of 1.61. The business’s 50-day simple moving average is $1.13 and its 200-day simple moving average is $1.17.

Dorel Industries (OTCMKTS:DIIBFGet Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.68) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.25). The business had revenue of $249.50 million during the quarter, compared to analyst estimates of $283.60 million.

About Dorel Industries

(Get Free Report)

Dorel Industries Inc was a Canadian consumer-products company headquartered in Montreal, Quebec. The company developed, manufactured and marketed products through three principal business areas: juvenile products, home furnishings and recreational products.

Dorel’s juvenile products business offered car seats, strollers, play yards, high chairs and other child-care products under brands including Cosco, Safety 1st, Maxi-Cosi, Quinny and Bébé Confort. Its home-furnishings operations produced and distributed ready-to-assemble and casual furniture, including desks, chairs, tables, beds and storage products for residential and office use.

Historically, Dorel also operated a major bicycle and cycling-products division, with brands such as Cannondale, Schwinn, GT, Mongoose, Sugoi and Fabric.

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