Dorel Industries (OTCMKTS:DIIBF) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Dorel Industries Inc. (OTCMKTS:DIIBF) shares crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $1.06 and traded as low as $0.9486. Dorel Industries shares last traded at $0.9486, with a volume of 381 shares traded.

Wall Street Analysts Forecast Growth

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

Dorel Industries Stock Up 0.8%

The company’s 50 day moving average price is $1.05 and its 200-day moving average price is $1.12. The stock has a market cap of $32.84 million, a P/E ratio of -0.23 and a beta of 1.63.

Dorel Industries (OTCMKTS:DIIBF) last issued 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 company had revenue of $249.50 million for the quarter, compared to the consensus estimate of $283.60 million.

Dorel Industries Company Profile

Dorel Industries Inc was a Canadian consumer-products company headquartered in Montreal, Quebec. Its operations historically focused on juvenile products, home furnishings and bicycles, serving retailers and consumers in North America, Europe and other international markets.

Through its Dorel Juvenile segment, the company developed and marketed car seats, strollers, playards, high chairs and other infant and child-care products under brands including Safety 1st, Maxi-Cosi, Cosco and Quinny.