Taiga Building Products (TSE:TBL) Stock Price Up 2.2% – Should You Buy?

Taiga Building Products Ltd. (TSE:TBL)’s share price traded up 2.2% during mid-day trading on Tuesday . The company traded as high as C$3.73 and last traded at C$3.73. 612 shares changed hands during trading, a decline of 89% from the average session volume of 5,745 shares. The stock had previously closed at C$3.65.

Taiga Building Products Stock Performance

The company has a quick ratio of 1.51, a current ratio of 3.18 and a debt-to-equity ratio of 33.74. The firm has a market capitalization of C$402.63 million, a P/E ratio of 14.35 and a beta of 0.63. The company’s 50 day moving average is C$3.58 and its 200-day moving average is C$3.51.

Taiga Building Products (TSE:TBL) last announced its quarterly earnings data on Friday, February 27th. The company reported C($0.08) earnings per share for the quarter. Taiga Building Products had a net margin of 1.75% and a return on equity of 8.32%.

Taiga Building Products Company Profile

Taiga Building Products Ltd is a Canadian-based company. It is engaged in the production and wholesale distribution of building products. Its products range includes composite decking, engineered wood, flooring, insulation, lumber, modulings, panels, polyethylene, preserved wood, roofing, and siding. It also offers distribution logistics and treating plants services. Taiga is a global exporter with the majority of the revenue generated from Canada followed by the United States.