Taiga Building Products (TSE:TBL) Share Price Breaks Below Two Hundred Day Moving Average – What’s Next?

Taiga Building Products Ltd. (TSE:TBL)’s share price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$3.64 and traded as low as C$3.53. Taiga Building Products shares last traded at C$3.60, with a volume of 7,963 shares.

Taiga Building Products Stock Down 1.9%

The company has a market cap of C$388.60 million, a P/E ratio of 13.85 and a beta of 0.59. 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 stock has a fifty day moving average price of C$3.65 and a two-hundred day moving average price of C$3.64.

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

About Taiga Building Products

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.