Taiga Building Products (TSE:TBL) Trading Down 2.9% – Time to Sell?

Taiga Building Products Ltd. (TSE:TBL)’s share price was down 2.9% on Tuesday . The stock traded as low as C$3.69 and last traded at C$3.69. 336 shares were traded during trading, a decline of 94% from the average session volume of 5,410 shares. The stock had previously closed at C$3.80.

Taiga Building Products Price Performance

The firm’s 50-day moving average is C$3.68 and its 200-day moving average is C$3.59. The company has a market capitalization of C$410.19 million, a PE ratio of 15.20 and a beta of 0.55. The company has a quick ratio of 1.51, a current ratio of 2.54 and a debt-to-equity ratio of 54.25.

Taiga Building Products (TSE:TBL) last issued its quarterly earnings results on Friday, May 8th. The company reported C$0.08 earnings per share (EPS) for the quarter. Taiga Building Products had a return on equity of 9.04% and a net margin of 1.75%.

Taiga Building Products Company Profile

Taiga Building Products Ltd is a Canadian-based company. It is engaged in the production and wholesale distribution of building products. Its products range includes composite decking, engineered wood, flooring, insulation, lumber, modulings, panels, polyethylene, preserved wood, roofing, and siding. It also offers distribution logistics and treating plants services. Taiga is a global exporter with the majority of the revenue generated from Canada followed by the United States.