Tree Island Steel Ltd. (TSE:TSL – Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.13 and traded as low as C$2.59. Tree Island Steel shares last traded at C$2.66, with a volume of 74,315 shares traded.
Tree Island Steel Stock Up 1.5 %
The company has a market capitalization of C$70.61 million, a price-to-earnings ratio of 54.00 and a beta of 0.97. The company has a quick ratio of 1.75, a current ratio of 5.39 and a debt-to-equity ratio of 21.10. The business has a 50-day moving average price of C$2.89 and a 200-day moving average price of C$3.13.
Tree Island Steel (TSE:TSL – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.02 earnings per share for the quarter. The firm had revenue of C$57.72 million for the quarter. Tree Island Steel had a return on equity of 1.01% and a net margin of 0.61%. As a group, equities analysts anticipate that Tree Island Steel Ltd. will post 0.398293 earnings per share for the current fiscal year.
Tree Island Steel Announces Dividend
About Tree Island Steel
Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.
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