Dorel Industries (OTCMKTS:DIIBF) Announces Quarterly Earnings Results

Dorel Industries (OTCMKTS:DIIBF) announced its quarterly earnings results on Wednesday. The company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.25), Zacks reports.

Dorel Industries Stock Performance

DIIBF remained flat at $1.14 during trading on Wednesday. The company had a trading volume of 14,457 shares, compared to its average volume of 5,147. The stock has a market capitalization of $39.52 million, a PE ratio of -0.26 and a beta of 1.58. Dorel Industries has a 1-year low of $0.83 and a 1-year high of $1.76. The firm’s 50 day moving average is $1.13 and its 200-day moving average is $1.23.

Wall Street Analysts Forecast Growth

Separately, TD Securities upgraded Dorel Industries to a “hold” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Dorel Industries has an average rating of “Hold”.

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.