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

Tree Island Steel Ltd. (TSE:TSL) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.44 and traded as low as C$2.22. Tree Island Steel shares last traded at C$2.23, with a volume of 2,950 shares traded.

Tree Island Steel Stock Up 0.9%

The business has a 50 day moving average of C$2.25 and a two-hundred day moving average of C$2.43. The stock has a market capitalization of C$58.41 million, a PE ratio of -8.37 and a beta of 0.35. The company has a debt-to-equity ratio of 28.61, a quick ratio of 1.75 and a current ratio of 2.95.

Tree Island Steel (TSE:TSL) last posted its earnings results on Thursday, August 13th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$48.55 million during the quarter. Tree Island Steel had a negative net margin of 4.34% and a negative return on equity of 6.25%. Analysts predict that Tree Island Steel Ltd. will post 0.4054054 EPS for the current year.

About Tree Island Steel

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.