Tree Island Steel (TSE:TSL) Shares Pass Below Fifty Day Moving Average – What’s Next?

Tree Island Steel Ltd. (TSE:TSL)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 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.

Tree Island Steel Stock Down 0.8%

The company has a market capitalization of C$60.81 million, a price-to-earnings ratio of -9.04 and a beta of 0.37. The company has a quick ratio of 1.75, a current ratio of 3.30 and a debt-to-equity ratio of 25.63. The firm has a 50 day moving average price of C$2.44 and a two-hundred day moving average price of C$2.62.

Tree Island Steel (TSE:TSL) last released its quarterly 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 during the quarter. Tree Island Steel had a negative return on equity of 5.86% and a negative net margin of 4.20%. As a group, sell-side analysts expect that Tree Island Steel Ltd. will post 0.4054054 earnings per share for the current year.

About Tree Island Steel

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.