Tree Island Steel (TSE:TSL) Hits New 12-Month Low – Should You Sell?

Tree Island Steel Ltd. (TSE:TSL)’s share price hit a new 52-week low on Monday . The stock traded as low as C$2.37 and last traded at C$2.50, with a volume of 300 shares trading hands. The stock had previously closed at C$2.46.

Tree Island Steel Stock Performance

The company has a debt-to-equity ratio of 21.28, a current ratio of 5.14 and a quick ratio of 1.75. The company has a fifty day moving average of C$2.55 and a two-hundred day moving average of C$2.80. The stock has a market capitalization of C$65.41 million, a P/E ratio of -26.20 and a beta of 0.96.

Tree Island Steel Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a $0.015 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.06 dividend on an annualized basis and a yield of 2.36%. Tree Island Steel’s payout ratio is currently -123.77%.

Tree Island Steel Company Profile

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.