Taiga Building Products (TSE:TBL) Shares Break Below 200-Day Moving Average – What’s Next?

Taiga Building Products Ltd. (TSE:TBL) shares crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$3.64 and traded as low as C$3.53. Taiga Building Products shares last traded at C$3.60, with a volume of 7,963 shares changing hands.

Taiga Building Products Stock Performance

The company has a quick ratio of 1.51, a current ratio of 2.61 and a debt-to-equity ratio of 48.57. The stock has a market capitalization of C$392.92 million, a P/E ratio of 14.00 and a beta of 0.59. The business has a fifty day moving average price of C$3.65 and a 200-day moving average price of C$3.64.

Taiga Building Products (TSE:TBL) last issued its quarterly earnings data on Friday, August 7th. The company reported C$0.15 EPS for the quarter. The company had revenue of C$426.58 million during the quarter. Taiga Building Products had a return on equity of 9.04% and a net margin of 1.83%.

About Taiga Building Products

Taiga Building Products Ltd is a Canadian-based company. It is engaged in the production and wholesale distribution of building products. Its products range includes composite decking, engineered wood, flooring, insulation, lumber, modulings, panels, polyethylene, preserved wood, roofing, and siding. It also offers distribution logistics and treating plants services. Taiga is a global exporter with the majority of the revenue generated from Canada followed by the United States.