Tree Island Steel Ltd. (TSE:TSL) Senior Officer Brian Chi Hong Liu Purchases 5,000 Shares of Stock

Tree Island Steel Ltd. (TSE:TSL) Senior Officer Brian Chi Hong Liu acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of C$3.08 per share, with a total value of C$15,400.00.

Tree Island Steel Stock Down 2.5 %

TSL opened at C$3.08 on Thursday. The company has a quick ratio of 1.75, a current ratio of 6.15 and a debt-to-equity ratio of 18.75. The firm has a 50 day moving average price of C$3.29 and a 200-day moving average price of C$3.22. Tree Island Steel Ltd. has a twelve month low of C$2.78 and a twelve month high of C$3.70. The stock has a market capitalization of C$83.56 million, a price-to-earnings ratio of 11.41 and a beta of 0.97.

Tree Island Steel (TSE:TSL) last released its quarterly earnings data on Thursday, March 14th. The company reported C($0.07) earnings per share for the quarter. Tree Island Steel had a net margin of 3.15% and a return on equity of 5.92%. The company had revenue of C$47.34 million for the quarter. Equities research analysts forecast that Tree Island Steel Ltd. will post 0.4594595 earnings per share for the current year.

Tree Island Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.12 annualized dividend and a dividend yield of 3.90%. Tree Island Steel’s payout ratio is 44.44%.

Tree Island Steel Company Profile

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.