Tree Island Steel (TSE:TSL) Stock Passes Below 200 Day Moving Average – What’s Next?

Tree Island Steel Ltd. (TSE:TSL) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.66 and traded as low as C$2.30. Tree Island Steel shares last traded at C$2.30, with a volume of 1,301 shares.

Tree Island Steel Stock Performance

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 stock has a market cap of C$59.51 million, a PE ratio of -8.85 and a beta of 0.37. The company’s 50 day simple moving average is C$2.50 and its 200 day simple moving average is C$2.66.

Tree Island Steel (TSE:TSL) last posted its quarterly earnings data on Friday, May 15th. The company reported C($0.05) EPS for the quarter. The firm had revenue of C$43.05 million during the quarter. Tree Island Steel had a negative net margin of 4.20% and a negative return on equity of 5.86%. Analysts expect 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.