Tree Island Steel (TSE:TSL) Reaches New 52-Week Low – Should You Sell?

Tree Island Steel Ltd. (TSE:TSL)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$2.46 and last traded at C$2.50, with a volume of 11135 shares changing hands. The stock had previously closed at C$2.55.

Tree Island Steel Stock Performance

The stock has a market capitalization of C$63.09 million, a P/E ratio of -25.27 and a beta of 0.96. The stock’s 50-day simple moving average is C$2.88 and its 200 day simple moving average is C$2.88. The company has a debt-to-equity ratio of 21.28, a current ratio of 5.14 and a quick ratio of 1.75.

About Tree Island Steel

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.