Tree Island Steel (TSE:TSL) Hits New 12-Month Low – What’s Next?

Tree Island Steel Ltd. (TSE:TSL) shares reached a new 52-week low during trading 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 Stock Performance

The company has a market cap of C$63.14 million, a price-to-earnings ratio of -11.62 and a beta of 0.18. The firm has a 50-day simple moving average of C$2.54 and a 200 day simple moving average of C$2.68. The company has a quick ratio of 1.75, a current ratio of 3.30 and a debt-to-equity ratio of 25.63.

Tree Island Steel (TSE:TSL) last released its quarterly earnings results on Friday, May 15th. The company reported C($0.05) EPS for the quarter. The firm 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%. On average, sell-side analysts predict that Tree Island Steel Ltd. will post 0.4054054 earnings per share for the current fiscal year.

About Tree Island Steel

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.