Tree Island Steel (TSE:TSL) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Tree Island Steel Ltd. (TSE:TSL) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.70 and traded as low as C$2.62. Tree Island Steel shares last traded at C$2.66, with a volume of 881 shares traded.

Tree Island Steel Trading Down 1.8%

The firm has a market cap of C$68.92 million, a price-to-earnings ratio of -12.67 and a beta of 0.03. The company has a fifty day moving average price of C$2.73 and a 200-day moving average price of C$2.70. The company has a current ratio of 5.14, a quick ratio of 1.75 and a debt-to-equity ratio of 21.28.

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.