Dorel Industries (TSE:DII.A) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Dorel Industries Inc (TSE:DII.AGet Free Report)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$5.15 and traded as high as C$5.45. Dorel Industries shares last traded at C$5.45, with a volume of 200 shares traded.

Dorel Industries Stock Up 9.0 %

The stock’s 50-day simple moving average is C$5.15. The company has a debt-to-equity ratio of 287.70, a quick ratio of 0.64 and a current ratio of 1.45. The stock has a market capitalization of C$22.56 million, a PE ratio of -1.42 and a beta of 3.06.

About Dorel Industries

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Dorel Industries Inc designs, manufactures, sources, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company's Dorel Home segment engages in the design, manufacture, sourcing, and distribution of ready-to assemble furniture and home furnishings, including metal folding furniture, children's furniture, step stool, hand truck, ladder, outdoor furniture, and other imported furniture and futon products.

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