Tree Island Steel (TSE:TSL) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Tree Island Steel Ltd. (TSE:TSL) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.68 and traded as low as C$2.64. Tree Island Steel shares last traded at C$2.64, with a volume of 671 shares traded.

Tree Island Steel Stock Performance

The company has a debt-to-equity ratio of 21.28, a quick ratio of 1.75 and a current ratio of 5.14. The stock has a market cap of C$68.40 million, a P/E ratio of -12.57 and a beta of 0.18. The business’s 50-day moving average price is C$2.80 and its 200-day moving average price is C$2.68.

Tree Island Steel (TSE:TSL) last released its earnings results on Thursday, November 13th. The company reported C($0.08) earnings per share for the quarter. The company had revenue of C$38.72 million for the quarter. Tree Island Steel had a negative net margin of 1.20% and a negative return on equity of 2.01%. As a group, sell-side analysts expect 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 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.