Tree Island Steel (TSE:TSL) Reaches New 52-Week Low – Should You Sell?

Tree Island Steel Ltd. (TSE:TSL)’s share price hit a new 52-week low on Tuesday . The stock traded as low as C$2.21 and last traded at C$2.38, with a volume of 7706 shares traded. The stock had previously closed at C$2.40.

Tree Island Steel Trading Down 2.1%

The company has a debt-to-equity ratio of 25.63, a quick ratio of 1.75 and a current ratio of 3.30. The stock has a market capitalization of C$60.03 million, a PE ratio of -8.92 and a beta of 0.18. The stock has a 50-day moving average price of C$2.53 and a two-hundred day moving average price of C$2.67.

Tree Island Steel (TSE:TSL) last released its earnings results on Friday, May 15th. The company reported C($0.05) earnings per share for the quarter. Tree Island Steel had a negative net margin of 4.20% and a negative return on equity of 5.86%. The firm had revenue of C$43.05 million for the quarter. As a group, equities analysts forecast that Tree Island Steel Ltd. will post 0.4054054 earnings per share for the current year.

Tree Island Steel Company Profile

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.