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

Tree Island Steel Ltd. (TSE:TSL)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.68 and traded as low as C$2.64. Tree Island Steel shares last traded at C$2.64, with a volume of 671 shares traded.

Tree Island Steel Price Performance

The stock has a market capitalization of C$68.40 million, a P/E ratio of -12.57 and a beta of 0.18. 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 firm has a fifty day moving average price of C$2.80 and a two-hundred day moving average price of C$2.68.

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. Tree Island Steel had a negative return on equity of 2.01% and a negative net margin of 1.20%.The firm had revenue of C$38.72 million during the quarter. As a group, analysts expect that Tree Island Steel Ltd. will post 0.4054054 EPS for the current fiscal 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.