Tree Island Steel (TSE:TSL) Stock Price Passes Below 50-Day Moving Average of $1.94
Tree Island Steel Ltd. (TSE:TSL) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.94 and traded as low as $1.88. Tree Island Steel shares last traded at $1.92, with a volume of 5,000 shares trading hands.
The business’s fifty day simple moving average is C$1.95 and its two-hundred day simple moving average is C$1.97. The company has a market cap of $55.65 million and a PE ratio of -12.97. The company has a debt-to-equity ratio of 178.10, a current ratio of 1.36 and a quick ratio of 0.38.
Tree Island Steel (TSE:TSL) last posted its earnings results on Thursday, October 24th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.07). The firm had revenue of C$49.70 million for the quarter. As a group, analysts predict that Tree Island Steel Ltd. will post 0.23 EPS for the current year.
Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers industrial products, such as pulp and unitizing, waste, chain link, upholstery, low carbon, and shaped wires, as well as straight and cut bars; and wirelines for use in the oil industry.
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