Dorel Industries (OTCMKTS:DIIBF) Shares Break Below Fifty Day Moving Average – Time to Sell?

Dorel Industries Inc. (OTCMKTS:DIIBF) passed below its fifty day moving average during trading on Thursday. The stock has a fifty 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.

Analysts Set New Price Targets

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

Dorel Industries Trading Down 5.7%

The business’s 50 day moving average price is $1.06 and its 200-day moving average price is $1.12. The company has a market cap of $32.57 million, a price-to-earnings ratio of -0.23 and a beta of 1.63.

Dorel Industries (OTCMKTS:DIIBF) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.25). The company had revenue of $249.50 million for the quarter, compared to analyst estimates 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.