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

Tree Island Steel Ltd. (TSE:TSL) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.22 and traded as low as C$3.10. Tree Island Steel shares last traded at C$3.16, with a volume of 8,800 shares trading hands.

Tree Island Steel Price Performance

The stock has a market cap of C$85.73 million, a price-to-earnings ratio of 11.70 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. The company’s 50-day moving average is C$3.30 and its 200-day moving average is C$3.22.

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

Tree Island Steel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.03 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.12 annualized dividend and a dividend yield of 3.80%. Tree Island Steel’s dividend payout ratio 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.