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

Tree Island Steel Ltd. (TSE:TSL) shares hit a new 52-week low during trading on Friday . The stock traded as low as C$2.05 and last traded at C$2.15, with a volume of 1800 shares changing hands. The stock had previously closed at C$2.10.

Tree Island Steel Price Performance

The stock has a 50-day moving average price of C$2.32 and a two-hundred day moving average price of C$2.51. The company has a current ratio of 3.30, a quick ratio of 1.75 and a debt-to-equity ratio of 25.63. The stock has a market cap of C$55.63 million, a price-to-earnings ratio of -8.27 and a beta of 0.35.

Tree Island Steel (TSE:TSL) last announced its earnings results 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 business had revenue of C$43.05 million for the quarter. As a group, equities research analysts forecast that Tree Island Steel Ltd. will post 0.4054054 EPS for the current year.

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.