Tree Island Steel (TSE:TSL) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Tree Island Steel Ltd. (TSE:TSL)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.52 and traded as low as C$2.17. Tree Island Steel shares last traded at C$2.20, with a volume of 400 shares.

Tree Island Steel Trading Down 1.3%

The firm’s 50 day moving average price is C$2.33 and its 200-day moving average price is C$2.52. The stock has a market cap of C$56.93 million, a P/E ratio of -8.46 and a beta of 0.35. The company has a debt-to-equity ratio of 25.63, a current ratio of 3.30 and a quick ratio of 1.75.

Tree Island Steel (TSE:TSL) last posted its quarterly earnings results on Friday, May 15th. The company reported C($0.05) EPS for the quarter. The firm had revenue of C$43.05 million for the quarter. Tree Island Steel had a negative net margin of 4.20% and a negative return on equity of 5.86%. As a group, equities research analysts forecast that Tree Island Steel Ltd. will post 0.4054054 earnings per share for the current 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.