Tree Island Steel (TSE:TSL) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Tree Island Steel Ltd. (TSE:TSL) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.71 and traded as low as C$2.52. Tree Island Steel shares last traded at C$2.54, with a volume of 1,400 shares.

Tree Island Steel Stock Performance

The firm has a market capitalization of C$65.80 million, a P/E ratio of -12.10 and a beta of 0.15. The stock has a fifty day simple moving average of C$2.62 and a two-hundred day simple moving average of C$2.71. The company has a debt-to-equity ratio of 23.60, a current ratio of 4.37 and a quick ratio of 1.75.

Tree Island Steel (TSE:TSL) last issued its earnings results on Friday, March 13th. The company reported C($0.13) earnings per share for the quarter. The business had revenue of C$34.31 million during the quarter. Tree Island Steel had a negative return on equity of 4.70% and a negative net margin of 3.18%. On average, research analysts predict that Tree Island Steel Ltd. will post 0.4054054 EPS for the current year.

About Tree Island Steel

Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The firm groups its products into the following: Industrial, Commercial, Agricultural, Construction, and Residential Construction. Key revenue is derived from the Industrial segment. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands.