Tree Island Steel (TSE:TSL) Shares Cross Below Fifty Day Moving Average – Here’s Why

Shares of Tree Island Steel Ltd. (TSE:TSL) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$2.44 and traded as low as C$2.35. Tree Island Steel shares last traded at C$2.35, with a volume of 101 shares trading hands.

Tree Island Steel Price Performance

The company has a debt-to-equity ratio of 25.63, a quick ratio of 1.75 and a current ratio of 3.30. The company’s 50 day moving average price is C$2.42 and its 200 day moving average price is C$2.61. The company has a market cap of C$60.03 million, a price-to-earnings ratio of -8.92 and a beta of 0.37.

Tree Island Steel (TSE:TSL) last announced its earnings results on Friday, May 15th. The company reported C($0.05) EPS for the quarter. The business had revenue of C$43.05 million for the quarter. Tree Island Steel had a negative return on equity of 5.86% and a negative net margin of 4.20%. On average, equities research analysts predict that Tree Island Steel Ltd. will post 0.4054054 earnings per share 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.