Tree Island Steel (TSE:TSL) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Tree Island Steel Ltd. (TSE:TSL) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.45 and traded as low as C$2.22. Tree Island Steel shares last traded at C$2.29, with a volume of 6,555 shares changing hands.

Tree Island Steel Stock Down 0.9%

The company has a market cap of C$59.00 million, a price-to-earnings ratio of -8.77 and a beta of 0.35. The company has a current ratio of 2.95, a quick ratio of 1.75 and a debt-to-equity ratio of 28.61. The business has a fifty day moving average of C$2.26 and a two-hundred day moving average of C$2.45.

Tree Island Steel (TSE:TSL) last posted its quarterly earnings data on Thursday, August 13th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$48.55 million for the quarter. Tree Island Steel had a negative net margin of 4.34% and a negative return on equity of 6.25%. As a group, equities analysts anticipate that Tree Island Steel Ltd. will post 0.4054054 EPS for the current fiscal 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.