Tree Island Steel (TSE:TSL) Posts Quarterly Earnings Results

Tree Island Steel (TSE:TSL) posted its earnings results on Tuesday. The company reported C($0.01) EPS for the quarter, FiscalAI reports. The company had revenue of C$45.60 million for the quarter. Tree Island Steel had a negative net margin of 4.34% and a negative return on equity of 6.25%.

Tree Island Steel Stock Performance

Shares of TSE TSL traded up C$0.02 during mid-day trading on Thursday, hitting C$2.39. The company had a trading volume of 21,620 shares, compared to its average volume of 6,500. Tree Island Steel has a 12 month low of C$2.05 and a 12 month high of C$3.11. The stock has a market cap of C$61.77 million, a price-to-earnings ratio of -8.85 and a beta of 0.38. The company has a debt-to-equity ratio of 28.61, a current ratio of 2.95 and a quick ratio of 1.75. The firm’s 50 day simple moving average is C$2.49 and its two-hundred day simple moving average is C$2.46.

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.