Tree Island Steel (TSE:TSL) Shares Pass Below Two Hundred Day Moving Average of $3.22

Tree Island Steel Ltd. (TSE:TSL)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.22 and traded as low as C$3.18. Tree Island Steel shares last traded at C$3.18, with a volume of 805 shares.

Tree Island Steel Price Performance

The company has a 50 day moving average price of C$3.34 and a 200-day moving average price of C$3.22. The company has a market cap of C$86.27 million, a price-to-earnings ratio of 11.78 and a beta of 0.97. The company has a quick ratio of 1.75, a current ratio of 6.15 and a debt-to-equity ratio of 18.75.

Tree Island Steel (TSE:TSL) last released its quarterly earnings results on Thursday, March 14th. The company reported C($0.07) earnings per share (EPS) for the quarter. Tree Island Steel had a net margin of 3.15% and a return on equity of 5.92%. The business had revenue of C$47.34 million for the quarter. As a group, equities research analysts predict that Tree Island Steel Ltd. will post 0.4594595 EPS for the current fiscal year.

Tree Island Steel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.03 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.77%. Tree Island Steel’s dividend payout ratio (DPR) is presently 44.44%.

Tree Island Steel Company Profile

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.