Tree Island Steel (TSE:TSL) Posts Earnings Results

Tree Island Steel (TSE:TSL) issued its quarterly earnings data on Tuesday. The company reported C($0.01) EPS for the quarter, FiscalAI reports. The company had revenue of C$45.60 million for the quarter. Tree Island Steel had a negative return on equity of 6.25% and a negative net margin of 4.34%.

Tree Island Steel Stock Up 0.8%

Shares of Tree Island Steel stock traded up C$0.02 during trading on Thursday, reaching C$2.39. The stock had a trading volume of 21,620 shares, compared to its average volume of 6,500. The company has a market capitalization of C$61.77 million, a price-to-earnings ratio of -8.85 and a beta of 0.38. The stock has a fifty day moving average price of C$2.49 and a two-hundred day moving average price of C$2.46. Tree Island Steel has a 52 week low of C$2.05 and a 52 week high of C$3.11. The company has a current ratio of 2.95, a quick ratio of 1.75 and a debt-to-equity ratio of 28.61.

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.