Tree Island Steel (TSE:TSL) Sets New 1-Year Low – Here’s Why

Tree Island Steel Ltd. (TSE:TSL) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$2.15 and last traded at C$2.25, with a volume of 7553 shares. The stock had previously closed at C$2.28.

Tree Island Steel Stock Performance

The firm’s fifty day simple moving average is C$2.36 and its 200 day simple moving average is C$2.54. The company has a market capitalization of C$58.48 million, a price-to-earnings ratio of -8.69 and a beta of 0.35. The company has a debt-to-equity ratio of 25.63, a current ratio of 3.30 and a quick ratio of 1.75.

Tree Island Steel (TSE:TSL) last released its quarterly earnings results on Friday, May 15th. The company reported C($0.05) earnings per share (EPS) for the quarter. The firm had revenue of C$43.05 million for the quarter. Tree Island Steel had a negative net margin of 4.20% and a negative return on equity of 5.86%. On average, sell-side analysts forecast that Tree Island Steel Ltd. will post 0.4054054 EPS for the current 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.