Tree Island Steel (TSE:TSL) Posts Quarterly Earnings Results

Tree Island Steel (TSE:TSL) released its earnings results on Thursday. The company reported C($0.01) EPS for the quarter, FiscalAI reports. The business had revenue of C$48.55 million for the quarter. Tree Island Steel had a negative net margin of 4.20% and a negative return on equity of 5.86%.

Tree Island Steel Stock Up 3.5%

TSL opened at C$2.35 on Friday. Tree Island Steel has a 12 month low of C$2.05 and a 12 month high of C$3.11. The company has a current ratio of 3.30, a quick ratio of 1.75 and a debt-to-equity ratio of 25.63. The business’s 50-day moving average price is C$2.26 and its 200-day moving average price is C$2.46. The company has a market cap of C$60.81 million, a P/E ratio of -9.04 and a beta of 0.35.

About Tree Island Steel

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.