Tree Island Steel (TSE:TSL) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Tree Island Steel Ltd. (TSE:TSL) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$2.81 and traded as high as C$2.95. Tree Island Steel shares last traded at C$2.83, with a volume of 5,219 shares.

Tree Island Steel Trading Down 3.4%

The stock’s 50-day simple moving average is C$2.81 and its two-hundred day simple moving average is C$2.65. The company has a debt-to-equity ratio of 21.28, a current ratio of 5.14 and a quick ratio of 1.75. The firm has a market capitalization of C$73.32 million, a P/E ratio of -13.48 and a beta of 0.19.

Tree Island Steel (TSE:TSL) last announced its quarterly earnings data on Thursday, November 13th. The company reported C($0.08) EPS for the quarter. Tree Island Steel had a negative net margin of 1.20% and a negative return on equity of 2.01%. The firm had revenue of C$38.72 million for the quarter. Equities research analysts expect that Tree Island Steel Ltd. will post 0.4054054 EPS for the current year.

About Tree Island Steel

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.