Tree Island Steel (TSE:TSL) Hits New 1-Year Low – What’s Next?

Tree Island Steel Ltd. (TSE:TSL) reached a new 52-week low on Tuesday . The stock traded as low as C$2.35 and last traded at C$2.35, with a volume of 18326 shares changing hands. The stock had previously closed at C$2.34.

Tree Island Steel Price Performance

The company’s 50-day moving average price is C$2.41 and its 200-day moving average price is C$2.59. The company has a quick ratio of 1.75, a current ratio of 3.30 and a debt-to-equity ratio of 25.63. The firm has a market cap of C$59.51 million, a price-to-earnings ratio of -8.85 and a beta of 0.37.

Tree Island Steel (TSE:TSL) last released its earnings results on Friday, May 15th. The company reported C($0.05) earnings per share (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 business had revenue of C$43.05 million for the quarter. On average, equities research analysts forecast that Tree Island Steel Ltd. will post 0.4054054 EPS for the current 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.