Dorel Industries (OTCMKTS:DIIBF) Issues Quarterly Earnings Results

Dorel Industries (OTCMKTS:DIIBF) posted its quarterly earnings data on Tuesday. The company reported ($1.82) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($1.58), Zacks reports. Dorel Industries had a negative net margin of 7.32% and a negative return on equity of 29.17%.

Dorel Industries Trading Down 0.8 %

Shares of Dorel Industries stock traded down $0.02 during trading hours on Tuesday, reaching $2.56. The stock had a trading volume of 107 shares, compared to its average volume of 6,223. The company has a current ratio of 0.94, a quick ratio of 0.46 and a debt-to-equity ratio of 0.28. Dorel Industries has a 1 year low of $2.36 and a 1 year high of $5.53. The firm has a market capitalization of $83.43 million, a price-to-earnings ratio of -0.81 and a beta of 2.66. The firm has a 50 day simple moving average of $3.15 and a two-hundred day simple moving average of $3.56.

Analyst Upgrades and Downgrades

DIIBF has been the subject of a number of recent analyst reports. TD Securities downgraded shares of Dorel Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 18th. BMO Capital Markets raised shares of Dorel Industries to a “hold” rating in a research note on Monday, November 18th.

Dorel Industries Company Profile

Dorel Industries Inc engages in the design, manufacture, sourcing, marketing, and distribution of home and juvenile products worldwide. The company operates through Dorel Home and Dorel Juvenile segments. The Dorel Home segment offers ready-to assemble furniture and home furnishings products, including metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.