Tree Island Steel (TSE:TSL) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Tree Island Steel Ltd. (TSE:TSLGet Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$2.65 and traded as high as C$2.79. Tree Island Steel shares last traded at C$2.75, with a volume of 2,000 shares changing hands.

Tree Island Steel Trading Up 0.7%

The stock has a market capitalization of C$71.38 million, a P/E ratio of -13.75 and a beta of 0.16. The company has a debt-to-equity ratio of 21.28, a current ratio of 5.14 and a quick ratio of 1.75. The business’s 50 day simple moving average is C$2.65 and its 200-day simple moving average is C$2.57.

Tree Island Steel Company Profile

(Get Free Report)

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.

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