Tree Island Steel (TSE:TSL) Sets New 1-Year Low – Here’s Why

Tree Island Steel Ltd. (TSE:TSL)’s stock price reached a new 52-week low on Friday . The company traded as low as C$2.05 and last traded at C$2.15, with a volume of 1800 shares. The stock had previously closed at C$2.10.

Tree Island Steel Trading Up 2.4%

The company has a debt-to-equity ratio of 25.63, a quick ratio of 1.75 and a current ratio of 3.30. The company has a market capitalization of C$55.63 million, a P/E ratio of -8.27 and a beta of 0.35. The company’s fifty day simple moving average is C$2.32 and its 200-day simple moving average is C$2.51.

Tree Island Steel (TSE:TSL) last posted its quarterly earnings results on Friday, May 15th. The company reported C($0.05) EPS for the quarter. The business had revenue of C$43.05 million during the quarter. Tree Island Steel had a negative net margin of 4.20% and a negative return on equity of 5.86%. Research analysts predict that Tree Island Steel Ltd. will post 0.4054054 earnings per share for the current year.

Tree Island Steel Company Profile

Tree Island Steel, headquartered in Richmond, British Columbia, since 1964, through its operating facilities in Canada and the United States, produces wire products for a diverse range of industrial, residential construction, commercial construction and agricultural applications. Its products include galvanized wire, bright wire; a broad array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other fabricated wire products.