Tree Island Steel (TSE:TSL) Share Price Passes Below 200-Day Moving Average of $3.22

Tree Island Steel Ltd. (TSE:TSL)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.22 and traded as low as C$3.11. Tree Island Steel shares last traded at C$3.15, with a volume of 5,206 shares changing hands.

Tree Island Steel Stock Down 0.9 %

The firm has a market cap of C$85.46 million, a P/E ratio of 11.67 and a beta of 0.97. The business’s fifty day moving average price is C$3.37 and its two-hundred day moving average price is C$3.22. The company has a current ratio of 6.15, a quick ratio of 1.75 and a debt-to-equity ratio of 18.75.

Tree Island Steel (TSE:TSL) last announced its earnings results on Thursday, March 14th. The company reported C($0.07) EPS for the quarter. The firm had revenue of C$47.34 million during the quarter. Tree Island Steel had a return on equity of 5.92% and a net margin of 3.15%. As a group, equities research analysts anticipate that Tree Island Steel Ltd. will post 0.4594595 EPS for the current year.

Tree Island Steel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.03 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.12 annualized dividend and a yield of 3.81%. Tree Island Steel’s dividend payout ratio (DPR) is presently 44.44%.

About Tree Island Steel

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.