Taiga Building Products (TSE:TBL) Trading Down 1.4% – What’s Next?

Taiga Building Products Ltd. (TSE:TBL) shares fell 1.4% during trading on Tuesday . The stock traded as low as C$3.54 and last traded at C$3.60. 3,385 shares were traded during mid-day trading, a decline of 38% from the average session volume of 5,441 shares. The stock had previously closed at C$3.65.

Taiga Building Products Stock Performance

The company has a market cap of C$399.40 million, a price-to-earnings ratio of 14.23 and a beta of 0.51. The firm has a 50-day moving average price of C$3.64 and a 200 day moving average price of C$3.53. The company has a current ratio of 3.18, a quick ratio of 1.51 and a debt-to-equity ratio of 33.74.

Taiga Building Products (TSE:TBL) last issued its earnings results on Friday, February 27th. The company reported C($0.08) EPS for the quarter. Taiga Building Products had a return on equity of 8.32% and a net margin of 1.75%.

About Taiga Building Products

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.