Taiga Building Products (TSE:TBL) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of Taiga Building Products Ltd. (TSE:TBL) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$3.69 and traded as low as C$3.60. Taiga Building Products shares last traded at C$3.65, with a volume of 6,200 shares.

Taiga Building Products Price Performance

The company has a current ratio of 2.54, a quick ratio of 1.51 and a debt-to-equity ratio of 54.25. The business’s fifty day moving average is C$3.69 and its 200 day moving average is C$3.64. The company has a market cap of C$394.00 million, a P/E ratio of 14.60 and a beta of 0.56.

Taiga Building Products (TSE:TBL) last announced its quarterly earnings data on Friday, August 7th. The company reported C$0.15 earnings per share for the quarter. Taiga Building Products had a return on equity of 9.04% and a net margin of 1.75%.The business had revenue of C$426.58 million during the quarter.

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.