Tree Island Steel (TSE:TSL) Reaches New 52-Week Low – Here’s Why

Shares of Tree Island Steel Ltd. (TSE:TSL) reached a new 52-week low during trading on Thursday . The company traded as low as C$2.20 and last traded at C$2.23, with a volume of 10406 shares. The stock had previously closed at C$2.30.

Tree Island Steel Trading Down 2.6%

The company has a debt-to-equity ratio of 25.63, a quick ratio of 1.75 and a current ratio of 3.30. The firm has a market cap of C$57.96 million, a PE ratio of -8.62 and a beta of 0.37. The stock’s 50 day simple moving average is C$2.48 and its 200 day simple moving average is C$2.64.

Tree Island Steel (TSE:TSL) last released its quarterly earnings results on Friday, May 15th. The company reported C($0.05) EPS for the quarter. Tree Island Steel had a negative return on equity of 5.86% and a negative net margin of 4.20%.The company had revenue of C$43.05 million during the quarter. On average, sell-side analysts forecast that Tree Island Steel Ltd. will post 0.4054054 earnings per share for the current fiscal year.

Tree Island Steel Company Profile

Tree Island Steel, headquartered in Richmond, British Columbia, since 1964, through its operating facilities in Canada and the United States, produces wire products for a diverse range of industrial, residential construction, commercial construction and agricultural applications. Its products include galvanized wire, bright wire; a broad array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other fabricated wire products.