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

Tree Island Steel (TSE:TSL) announced its quarterly earnings results on Thursday. The company reported C($0.08) earnings per share for the quarter, FiscalAI reports. Tree Island Steel had a negative return on equity of 2.01% and a negative net margin of 1.20%.The business had revenue of C$38.72 million for the quarter.

Tree Island Steel Stock Down 0.4%

Shares of TSE TSL traded down C$0.01 on Friday, hitting C$2.75. The company had a trading volume of 101 shares, compared to its average volume of 9,784. The company has a quick ratio of 1.75, a current ratio of 5.14 and a debt-to-equity ratio of 21.28. Tree Island Steel has a 12-month low of C$2.37 and a 12-month high of C$3.21. The firm has a market capitalization of C$71.38 million, a P/E ratio of -13.75 and a beta of 0.17. The business has a 50 day moving average of C$2.68 and a two-hundred day moving average of C$2.58.

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.