Tree Island Steel (TSE:TSL) Stock Passes Below Two Hundred Day Moving Average of $3.13

Tree Island Steel Ltd. (TSE:TSL) 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) 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

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.44%. Tree Island Steel’s dividend payout ratio is currently 240.00%.

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.