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Dorel Industries (TSE:DII.A) Stock Crosses Below 50-Day Moving Average - Here's Why

Dorel Industries logo with Consumer Cyclical background

Key Points

  • Dorel Industries shares fell below their 50-day moving average of C$1.72, reaching a low of C$1.55 during trading.
  • The stock has seen a decline of 1.9% and has a market capitalization of C$50.63 million, with a price-to-earnings ratio of -0.31.
  • Dorel Industries operates in two main segments: Dorel Home and Dorel Juvenile, focusing on juvenile products and ready-to-assemble furniture.
  • Interested in Dorel Industries? Here are five stocks we like better.

Dorel Industries Inc (TSE:DII.A - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$1.72 and traded as low as C$1.55. Dorel Industries shares last traded at C$1.55, with a volume of 203 shares.

Dorel Industries Price Performance

The company has a market cap of C$49 million, a price-to-earnings ratio of -0.30 and a beta of 1.39. The company has a quick ratio of 0.64, a current ratio of 1.45 and a debt-to-equity ratio of 287.70. The stock has a fifty day simple moving average of C$1.71.

Dorel Industries Company Profile

(Get Free Report)

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.

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