Dorel Industries (OTCMKTS:DIIBF) Posts Earnings Results, Misses Expectations By $0.26 EPS

Dorel Industries (OTCMKTS:DIIBF) posted its quarterly earnings results on Tuesday. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.26), Zacks reports. Dorel Industries had a negative return on equity of 299.25% and a negative net margin of 15.40%.The company had revenue of $278.94 million during the quarter, compared to analysts’ expectations of $295.50 million.

Dorel Industries Trading Down 0.7%

Dorel Industries stock traded down $0.01 during mid-day trading on Wednesday, hitting $1.35. The company had a trading volume of 3,900 shares, compared to its average volume of 4,498. Dorel Industries has a 12 month low of $0.83 and a 12 month high of $2.56. The company has a market capitalization of $46.80 million, a PE ratio of -0.23 and a beta of 1.83. The stock’s 50 day moving average price is $1.35 and its two-hundred day moving average price is $1.22.

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.