Tree Island Steel (TSE:TSL) Stock Passes Below 200 Day Moving Average – Here’s Why

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$2.55 and traded as low as C$2.28. Tree Island Steel shares last traded at C$2.28, with a volume of 107 shares changing hands.

Tree Island Steel Trading Up 0.9%

The company has a debt-to-equity ratio of 25.63, a quick ratio of 1.75 and a current ratio of 3.30. The company has a 50 day simple moving average of C$2.37 and a two-hundred day simple moving average of C$2.55. The firm has a market cap of C$59.00 million, a PE ratio of -8.77 and a beta of 0.35.

Tree Island Steel (TSE:TSL) last issued its earnings results on Friday, May 15th. The company reported C($0.05) EPS for the quarter. Tree Island Steel had a negative return on equity of 5.86% and a negative net margin of 4.20%.The company had revenue of C$43.05 million during the quarter. Analysts expect that Tree Island Steel Ltd. will post 0.4054054 EPS for the current fiscal year.

Tree Island Steel Company Profile

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.