Taiga Building Products (TSE:TBL) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Taiga Building Products Ltd. (TSE:TBL) shares passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$3.66 and traded as high as C$3.75. Taiga Building Products shares last traded at C$3.68, with a volume of 4,260 shares changing hands.

Taiga Building Products Stock Performance

The company has a market cap of C$397.24 million, a PE ratio of 14.15 and a beta of 0.51. The firm’s fifty day moving average is C$3.66 and its 200 day moving average is C$3.65. The company has a current ratio of 3.40, a quick ratio of 1.51 and a debt-to-equity ratio of 29.40.

Taiga Building Products (TSE:TBL) last released its quarterly earnings results on Friday, November 6th. The company reported C$0.12 earnings per share for the quarter. The firm had revenue of C$432.99 million during the quarter. Taiga Building Products had a net margin of 1.86% and a return on equity of 8.89%.

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.