Tree Island Steel (TSE:TSL) Sets New 1-Year Low – Time to Sell?

Tree Island Steel Ltd. (TSE:TSLGet Free Report)’s share price reached a new 52-week low on Monday . The company traded as low as C$2.15 and last traded at C$2.21, with a volume of 6453 shares trading hands. The stock had previously closed at C$2.31.

Tree Island Steel Price Performance

The stock has a fifty day simple moving average of C$2.39 and a 200-day simple moving average of C$2.57. The company has a market capitalization of C$58.74 million, a PE ratio of -8.73 and a beta of 0.35. The company has a current ratio of 3.30, a quick ratio of 1.75 and a debt-to-equity ratio of 25.63.

Tree Island Steel (TSE:TSLGet Free Report) last issued its earnings results 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%. Equities analysts anticipate that Tree Island Steel Ltd. will post 0.4054054 earnings per share for the current year.

About Tree Island Steel

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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.

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