Taiga Building Products (TSE:TBL) Shares Up 1.1% – Here’s What Happened

Shares of Taiga Building Products Ltd. (TSE:TBL) traded up 1.1% during mid-day trading on Tuesday . The stock traded as high as C$3.65 and last traded at C$3.65. 1,617 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 6,388 shares. The stock had previously closed at C$3.61.

Taiga Building Products Stock Performance

The stock has a 50 day simple moving average of C$3.63 and a 200 day simple moving average of C$3.66. The company has a current ratio of 2.61, a quick ratio of 1.51 and a debt-to-equity ratio of 48.57. The stock has a market cap of C$394.00 million, a P/E ratio of 14.04 and a beta of 0.56.

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

Taiga Building Products Company Profile

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.