Tree Island Steel (TSE:TSL) Posts Earnings Results

Tree Island Steel (TSE:TSL) issued its earnings results on Friday. The company reported C($0.05) earnings per share for the quarter, FiscalAI reports. The business had revenue of C$43.05 million during the quarter. Tree Island Steel had a negative net margin of 3.18% and a negative return on equity of 4.70%.

Tree Island Steel Stock Down 2.0%

Shares of TSL traded down C$0.05 during trading hours on Friday, reaching C$2.51. The company’s stock had a trading volume of 300 shares, compared to its average volume of 3,368. The firm has a market cap of C$64.95 million, a price-to-earnings ratio of -11.95 and a beta of 0.18. Tree Island Steel has a 1-year low of C$2.37 and a 1-year high of C$3.11. The company has a quick ratio of 1.75, a current ratio of 4.37 and a debt-to-equity ratio of 23.60. The company has a 50 day moving average of C$2.56 and a two-hundred day moving average of C$2.69.

Tree Island Steel Company Profile

Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The firm groups its products into the following: Industrial, Commercial, Agricultural, Construction, and Residential Construction. Key revenue is derived from the Industrial segment. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands.