Tree Island Steel (TSE:TSL) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Tree Island Steel Ltd. (TSE:TSL)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.72 and traded as low as C$2.59. Tree Island Steel shares last traded at C$2.59, with a volume of 101 shares traded.

Tree Island Steel Stock Performance

The stock has a market capitalization of C$67.72 million, a PE ratio of -12.33 and a beta of 0.14. The stock has a fifty day moving average of C$2.66 and a 200-day moving average of C$2.72. The company has a quick ratio of 1.75, a current ratio of 4.37 and a debt-to-equity ratio of 23.60.

Tree Island Steel (TSE:TSL) last released its earnings results on Friday, March 13th. The company reported C($0.13) EPS for the quarter. The company had revenue of C$34.31 million for the quarter. Tree Island Steel had a negative return on equity of 4.70% and a negative net margin of 3.18%. Equities analysts anticipate that Tree Island Steel Ltd. will post 0.4054054 earnings per share for the current fiscal 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.