Tree Island Steel (TSE:TSL) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Tree Island Steel Ltd. (TSE:TSLGet Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.47 and traded as low as C$2.15. Tree Island Steel shares last traded at C$2.23, with a volume of 911 shares changing hands.

Tree Island Steel Trading Up 7.0%

The firm has a 50-day simple moving average of C$2.26 and a 200-day simple moving average of C$2.47. The company has a quick ratio of 1.75, a current ratio of 3.30 and a debt-to-equity ratio of 25.63. The stock has a market cap of C$59.51 million, a PE ratio of -8.85 and a beta of 0.35.

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

Tree Island Steel Company Profile

(Get Free Report)

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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