Tree Island Steel (TSE:TSL) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Tree Island Steel Ltd. (TSE:TSL)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.68 and traded as low as C$2.65. Tree Island Steel shares last traded at C$2.65, with a volume of 2,110 shares changing hands.

Tree Island Steel Stock Down 1.5%

The firm’s 50-day simple moving average is C$2.81 and its 200-day simple moving average is C$2.68. The company has a debt-to-equity ratio of 21.28, a quick ratio of 1.75 and a current ratio of 5.14. The company has a market capitalization of C$68.66 million, a price-to-earnings ratio of -12.62 and a beta of 0.18.

Tree Island Steel (TSE:TSL) last announced its quarterly earnings data on Thursday, November 13th. The company reported C($0.08) EPS for the quarter. Tree Island Steel had a negative net margin of 1.20% and a negative return on equity of 2.01%. The company had revenue of C$38.72 million for the quarter. Sell-side analysts forecast that Tree Island Steel Ltd. will post 0.4054054 earnings per share for the current year.

Tree Island Steel Company Profile

Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The firm groups its products into the following: Industrial, Commercial, Agricultural, Construction, and Residential Construction. Key revenue is derived from the Industrial segment. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands.