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

Tree Island Steel (TSE:TSL) released its quarterly earnings results on Thursday. The company reported C($0.13) earnings per share (EPS) for the quarter, FiscalAI reports. Tree Island Steel had a negative return on equity of 4.57% and a negative net margin of 2.93%.The firm had revenue of C$34.31 million during the quarter.

Tree Island Steel Stock Performance

TSL stock traded down C$0.03 during trading on Friday, reaching C$2.58. The stock had a trading volume of 9,201 shares, compared to its average volume of 3,282. The firm has a market cap of C$66.85 million, a PE ratio of -12.29 and a beta of 0.14. The company has a current ratio of 4.28, a quick ratio of 1.75 and a debt-to-equity ratio of 26.97. The stock’s 50 day moving average is C$2.68 and its two-hundred day moving average is C$2.71. Tree Island Steel has a 52 week low of C$2.37 and a 52 week high of C$3.11.

Tree Island Steel Company Profile

Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The firm groups its products into the following: Industrial, Commercial, Agricultural, Construction, and Residential Construction. Key revenue is derived from the Industrial segment. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands.