Tree Island Steel (TSE:TSL) Share Price Crosses Below 200 Day Moving Average – What’s Next?

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$2.71 and traded as low as C$2.58. Tree Island Steel shares last traded at C$2.64, with a volume of 1,956 shares.

Tree Island Steel Price Performance

The company has a debt-to-equity ratio of 26.97, a current ratio of 4.28 and a quick ratio of 1.75. The stock’s fifty day moving average is C$2.69 and its 200-day moving average is C$2.71. The stock has a market cap of C$68.40 million, a PE ratio of -12.57 and a beta of 0.14.

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.