Dorel Industries (TSE:DII.A) Stock Passes Below 50 Day Moving Average – Time to Sell?

Dorel Industries Inc (TSE:DII.A)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$2.47 and traded as low as C$1.82. Dorel Industries shares last traded at C$1.82, with a volume of 1,300 shares traded.

Dorel Industries Stock Down 28.6%

The firm has a market cap of C$63.07 million, a P/E ratio of -0.42 and a beta of 1.06. The stock’s fifty day moving average is C$2.47 and its two-hundred day moving average is C$2.30. The company has a current ratio of 1.45, a quick ratio of 0.64 and a debt-to-equity ratio of 287.70.

Dorel Industries Company Profile

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.