Dorel Industries (OTCMKTS:DIIBF) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Shares of Dorel Industries Inc. (OTCMKTS:DIIBF) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.29 and traded as low as $2.50. Dorel Industries shares last traded at $2.80, with a volume of 3,103 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DIIBF shares. BMO Capital Markets raised shares of Dorel Industries to a “hold” rating in a research note on Monday, November 18th. TD Securities downgraded shares of Dorel Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 18th.

Dorel Industries Trading Down 11.1 %

The company has a 50 day simple moving average of $3.23 and a 200 day simple moving average of $4.24. The company has a market capitalization of $81.12 million, a PE ratio of -0.79 and a beta of 2.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.46 and a current ratio of 0.94.

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.