Tree Island Steel (TSE:TSL) Hits New 52-Week Low – Should You Sell?

Tree Island Steel Ltd. (TSE:TSL) reached a new 52-week low on Thursday . The company traded as low as C$2.20 and last traded at C$2.23, with a volume of 10406 shares traded. The stock had previously closed at C$2.30.

Tree Island Steel Price Performance

The firm has a market capitalization of C$58.48 million, a price-to-earnings ratio of -8.69 and a beta of 0.37. The stock’s 50 day moving average price is C$2.47 and its two-hundred day moving average price is C$2.64. The company has a quick ratio of 1.75, a current ratio of 3.30 and a debt-to-equity ratio of 25.63.

Tree Island Steel (TSE:TSL) last issued its quarterly earnings data on Friday, May 15th. The company reported C($0.05) earnings per share (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%. Analysts anticipate that Tree Island Steel Ltd. will post 0.4054054 EPS for the current fiscal 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.