Dorel Industries (OTCMKTS:DIIBF) Issues Quarterly Earnings Results, Misses Expectations By $0.54 EPS

Dorel Industries (OTCMKTS:DIIBF) issued its quarterly earnings results on Friday. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.54), Zacks reports. Dorel Industries had a negative return on equity of 299.25% and a negative net margin of 12.76%.

Dorel Industries Stock Down 0.5%

Shares of OTCMKTS:DIIBF traded down $0.01 during midday trading on Friday, reaching $1.03. The company’s stock had a trading volume of 1,602 shares, compared to its average volume of 7,947. The firm has a 50 day moving average of $1.19 and a 200-day moving average of $1.12. The firm has a market capitalization of $33.65 million, a P/E ratio of -0.20 and a beta of 1.69. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 2.32. Dorel Industries has a 12-month low of $0.83 and a 12-month high of $4.06.

About Dorel Industries

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.