Dorel Industries (TSE:DII.A) Shares Down 12.7% – Here’s What Happened

Dorel Industries Inc (TSE:DII.A) was down 12.7% during mid-day trading on Tuesday . The stock traded as low as C$1.65 and last traded at C$1.65. Approximately 1,000 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 1,440 shares. The stock had previously closed at C$1.89.

Dorel Industries Stock Performance

The firm’s 50-day moving average price is C$2.01 and its 200-day moving average price is C$2.27. The company has a quick ratio of 0.64, a current ratio of 1.45 and a debt-to-equity ratio of 287.70. The company has a market cap of C$57.12 million, a P/E ratio of -0.38 and a beta of 1.41.

About Dorel Industries

Dorel Industries Inc is a Canadian company that sells juvenile products and furniture. Its segments include Dorel Home and Dorel Juvenile. Dorel Home segment is engaged in the design, sourcing, manufacturing, and distribution of ready-to-assemble furniture and home furnishings which include metal folding furniture, futons, children’s furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items. Dorel Juvenile segment is engaged in the design, sourcing, manufacturing, distribution, and retail of children’s accessories which include infant car seats, strollers, high chairs, and infant health and safety aids.