Tree Island Steel (TSE:TSL) Releases Quarterly Earnings Results

Tree Island Steel (TSE:TSL) issued its earnings results on Thursday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$48.55 million during the quarter. Tree Island Steel had a negative net margin of 4.20% and a negative return on equity of 5.86%.

Tree Island Steel Stock Performance

TSL traded down C$0.03 on Thursday, reaching C$2.27. The company had a trading volume of 700 shares, compared to its average volume of 3,786. The company has a quick ratio of 1.75, a current ratio of 3.30 and a debt-to-equity ratio of 25.63. Tree Island Steel has a 1 year low of C$2.05 and a 1 year high of C$3.11. The stock has a market capitalization of C$58.74 million, a PE ratio of -8.73 and a beta of 0.35. The stock has a 50-day moving average price of C$2.26 and a 200-day moving average price of C$2.46.

About Tree Island Steel

Tree Island Steel, headquartered in Richmond, British Columbia, since 1964, through its operating facilities in Canada and the United States, produces wire products for a diverse range of industrial, residential construction, commercial construction and agricultural applications. Its products include galvanized wire, bright wire; a broad array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other fabricated wire products.