Tree Island Steel (TSE:TSL) Stock Passes Below 200-Day Moving Average – What’s Next?

Shares of Tree Island Steel Ltd. (TSE:TSL) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.69 and traded as low as C$2.60. Tree Island Steel shares last traded at C$2.79, with a volume of 15,176 shares changing hands.

Tree Island Steel Price Performance

The company has a market cap of C$72.29 million, a P/E ratio of -13.29 and a beta of 0.03. The firm’s 50-day moving average is C$2.79 and its two-hundred day moving average is C$2.69. The company has a debt-to-equity ratio of 21.28, a current ratio of 5.14 and a quick ratio of 1.75.

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

About Tree Island Steel

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.