Tree Island Steel (TSE:TSL) Releases Quarterly Earnings Results

Tree Island Steel (TSE:TSL) issued its quarterly earnings data on Friday. The company reported C($0.05) earnings per share for the quarter, FiscalAI reports. The company had revenue of C$43.05 million during the quarter. Tree Island Steel had a negative net margin of 4.20% and a negative return on equity of 5.86%.

Tree Island Steel Stock Down 2.0%

TSE TSL opened at C$2.51 on Friday. The company has a current ratio of 3.30, a quick ratio of 1.75 and a debt-to-equity ratio of 25.63. The company has a market cap of C$64.95 million, a price-to-earnings ratio of -11.95 and a beta of 0.18. The company has a 50 day moving average of C$2.56 and a 200-day moving average of C$2.69. Tree Island Steel has a 1-year low of C$2.37 and a 1-year high of C$3.11.

About Tree Island Steel

Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The firm groups its products into the following: Industrial, Commercial, Agricultural, Construction, and Residential Construction. Key revenue is derived from the Industrial segment. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands.