Dorel Industries (TSE:DII.B) Shares Pass Above 200 Day Moving Average – Here’s Why

Dorel Industries Inc. (TSE:DII.B) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.68 and traded as high as C$1.93. Dorel Industries shares last traded at C$1.80, with a volume of 34,727 shares trading hands.

Dorel Industries Stock Up 9.1%

The company has a current ratio of 1.45, a quick ratio of 0.64 and a debt-to-equity ratio of 287.70. The stock has a market cap of C$58.80 million, a P/E ratio of -0.31, a PEG ratio of -0.11 and a beta of 0.86. The company’s 50 day moving average price is C$1.84 and its two-hundred day moving average price is C$1.68.

Dorel Industries (TSE:DII.B) last announced its earnings results on Tuesday, March 10th. The company reported C($0.48) earnings per share (EPS) for the quarter. Dorel Industries had a negative net margin of 6.47% and a negative return on equity of 48.11%. The business had revenue of C$361.20 million for the quarter. Equities analysts forecast that Dorel Industries Inc. will post 0.7015306 earnings per share for the current year.

About Dorel Industries

Dorel Industries Inc is a Canadian company that sells juvenile products and furniture. Its segments include Dorel Home and Dorel Juvenile. Dorel Home segment is engaged in the design, sourcing, manufacturing, and distribution of ready-to-assemble furniture and home furnishings which include metal folding furniture, futons, children’s furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items. Dorel Juvenile segment is engaged in the design, sourcing, manufacturing, distribution, and retail of children’s accessories which include infant car seats, strollers, high chairs, and infant health and safety aids.