Taiga Building Products (TSE:TBL) Trading Up 1.1% – Still a Buy?

Taiga Building Products Ltd. (TSE:TBL)’s stock price rose 1.1% during mid-day trading on Tuesday . The company traded as high as C$3.65 and last traded at C$3.65. Approximately 1,617 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 6,388 shares. The stock had previously closed at C$3.61.

Taiga Building Products Trading Up 1.1%

The firm’s 50-day simple moving average is C$3.63 and its 200 day simple moving average is C$3.66. The company has a debt-to-equity ratio of 48.57, a current ratio of 2.61 and a quick ratio of 1.51. The firm has a market capitalization of C$394.00 million, a price-to-earnings ratio of 14.04 and a beta of 0.56.

Taiga Building Products (TSE:TBL) last issued its earnings results on Friday, August 7th. The company reported C$0.15 earnings per share for the quarter. Taiga Building Products had a return on equity of 9.04% and a net margin of 1.83%.The firm had revenue of C$426.58 million for the quarter.

Taiga Building Products Company Profile

Taiga Building Products Ltd is a Canadian-based company. It is engaged in the production and wholesale distribution of building products. Its products range includes composite decking, engineered wood, flooring, insulation, lumber, modulings, panels, polyethylene, preserved wood, roofing, and siding. It also offers distribution logistics and treating plants services. Taiga is a global exporter with the majority of the revenue generated from Canada followed by the United States.