Tree Island Steel (TSE:TSL) Releases Quarterly Earnings Results

Tree Island Steel (TSE:TSL) issued its quarterly earnings results on Friday. The company reported C($0.05) earnings per share for the quarter, FiscalAI reports. Tree Island Steel had a negative return on equity of 4.70% and a negative net margin of 3.18%.The company had revenue of C$43.05 million for the quarter.

Tree Island Steel Price Performance

Shares of TSE TSL opened at C$2.51 on Friday. The company has a debt-to-equity ratio of 23.60, a current ratio of 4.37 and a quick ratio of 1.75. The stock has a fifty day moving average price of C$2.56 and a 200 day moving average price of C$2.69. Tree Island Steel has a 1-year low of C$2.37 and a 1-year high of C$3.11. The company has a market cap of C$64.95 million, a PE ratio of -11.95 and a beta of 0.18.

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.