Tree Island Steel (TSE:TSL) Hits New 52-Week Low – Here’s What Happened

Tree Island Steel Ltd. (TSE:TSL) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$2.35 and last traded at C$2.35, with a volume of 18326 shares changing hands. The stock had previously closed at C$2.34.

Tree Island Steel Stock Performance

The business has a fifty day moving average of C$2.41 and a 200-day moving average of C$2.60. 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 company has a market capitalization of C$60.55 million, a P/E ratio of -9.00 and a beta of 0.37.

Tree Island Steel (TSE:TSL) last released its quarterly earnings data on Friday, May 15th. The company reported C($0.05) earnings per share for the quarter. The business had revenue of C$43.05 million for the quarter. Tree Island Steel had a negative return on equity of 5.86% and a negative net margin of 4.20%. Analysts anticipate that Tree Island Steel Ltd. will post 0.4054054 earnings per share for the current fiscal 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.