Dorel Industries (OTCMKTS:DIIBF) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Dorel Industries Inc. (OTCMKTS:DIIBF) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.29 and traded as low as $1.18. Dorel Industries shares last traded at $1.18, with a volume of 5,117 shares changing hands.

Dorel Industries Trading Down 3.1%

The firm has a market cap of $37.38 million, a P/E ratio of -0.20 and a beta of 1.80. The company’s 50-day moving average is $1.29 and its two-hundred day moving average is $1.19.

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.