Dorel Industries (OTCMKTS:DIIBF) Trading Down 0.5% – Here’s What Happened

Dorel Industries Inc. (OTCMKTS:DIIBF)’s stock price fell 0.5% during trading on Friday . The company traded as low as $1.0723 and last traded at $1.0750. 215 shares changed hands during trading, a decline of 98% from the average session volume of 9,126 shares. The stock had previously closed at $1.08.

Dorel Industries Trading Down 0.5%

The firm has a market capitalization of $35.11 million, a PE ratio of -0.18 and a beta of 1.80. The company’s fifty day simple moving average is $1.21 and its 200-day simple moving average is $1.11. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.28 and a quick ratio of 0.74.

Dorel Industries (OTCMKTS:DIIBF) last released its quarterly earnings results on Friday, November 7th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.54). The company had revenue of $298.57 million for the quarter, compared to analyst estimates of $294.80 million. Dorel Industries had a negative return on equity of 299.25% and a negative net margin of 15.40%.

Dorel Industries Company Profile

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.