Taiga Building Products (TSE:TBL) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Taiga Building Products Ltd. (TSE:TBL) passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of C$3.66 and traded as high as C$3.75. Taiga Building Products shares last traded at C$3.68, with a volume of 4,260 shares.

Taiga Building Products Stock Up 0.8%

The company has a quick ratio of 1.51, a current ratio of 3.40 and a debt-to-equity ratio of 29.40. The company’s 50 day moving average price is C$3.66 and its 200 day moving average price is C$3.65. The firm has a market capitalization of C$397.24 million, a price-to-earnings ratio of 14.15 and a beta of 0.51.

Taiga Building Products (TSE:TBL) last issued its earnings results on Friday, November 6th. The company reported C$0.12 earnings per share (EPS) for the quarter. Taiga Building Products had a return on equity of 8.89% and a net margin of 1.86%. The company had revenue of C$432.99 million during the quarter.

About Taiga Building Products

Taiga Building Products Ltd is a Canadian-based company. It is engaged in the production and wholesale distribution of building products. Its products range includes composite decking, engineered wood, flooring, insulation, lumber, modulings, panels, polyethylene, preserved wood, roofing, and siding. It also offers distribution logistics and treating plants services. Taiga is a global exporter with the majority of the revenue generated from Canada followed by the United States.