Tree Island Steel (TSE:TSL) Stock Crosses Below 200-Day Moving Average – What’s Next?

Shares of Tree Island Steel Ltd. (TSE:TSL) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.49 and traded as low as C$2.09. Tree Island Steel shares last traded at C$2.13, with a volume of 12,515 shares trading hands.

Tree Island Steel Stock Down 6.2%

The firm has a 50-day moving average of C$2.29 and a two-hundred day moving average of C$2.49. The stock has a market capitalization of C$55.12 million, a price-to-earnings ratio of -8.19 and a beta of 0.35. The company has a quick ratio of 1.75, a current ratio of 3.30 and a debt-to-equity ratio of 25.63.

Tree Island Steel (TSE:TSL) last announced its quarterly earnings data on Friday, May 15th. The company reported C($0.05) EPS for the quarter. Tree Island Steel had a negative return on equity of 5.86% and a negative net margin of 4.20%.The business had revenue of C$43.05 million for the quarter. As a group, sell-side analysts anticipate that Tree Island Steel Ltd. will post 0.4054054 earnings per share for the current year.

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.