Dorel Industries (OTCMKTS:DIIBF) Trading 4.7% Higher – Still a Buy?

Dorel Industries Inc. (OTCMKTS:DIIBF)’s stock price was up 4.7% during trading on Friday . The company traded as high as $1.33 and last traded at $1.33. Approximately 1,632 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 16,189 shares. The stock had previously closed at $1.27.

Dorel Industries Trading Up 4.7%

The stock has a market capitalization of $43.44 million, a PE ratio of -0.23 and a beta of 1.79. The stock has a 50 day moving average price of $1.14 and a 200-day moving average price of $1.13.

Dorel Industries (OTCMKTS:DIIBF) last posted its quarterly earnings data on Friday, November 7th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.54). Dorel Industries had a negative net margin of 15.40% and a negative return on equity of 299.25%. The firm had revenue of $298.57 million for the quarter, compared to analysts’ expectations of $294.80 million.

About Dorel Industries

Dorel Industries Inc is a publicly traded Canadian company engaged in the design, manufacture and distribution of consumer products across two core segments. Headquartered in Montreal, Quebec, Dorel serves retailers and end consumers in North America, Europe and select markets in Asia and Latin America. The company markets globally recognized brands and maintains an integrated supply chain encompassing product development, manufacturing and distribution.

The Dorel Juvenile segment produces a wide range of baby and children’s products, including car seats, strollers, high chairs, play yards and nursery furniture.