Tree Island Steel (TSE:TSL) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Tree Island Steel Ltd. (TSE:TSL)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.72 and traded as low as C$2.59. Tree Island Steel shares last traded at C$2.59, with a volume of 101 shares changing hands.

Tree Island Steel Stock Up 1.6%

The company has a current ratio of 4.37, a quick ratio of 1.75 and a debt-to-equity ratio of 23.60. The firm has a market capitalization of C$68.51 million, a price-to-earnings ratio of -12.48 and a beta of 0.14. The firm has a 50 day moving average price of C$2.65 and a two-hundred day moving average price of C$2.72.

Tree Island Steel (TSE:TSL) last issued its earnings results on Friday, March 13th. The company reported C($0.13) EPS for the quarter. Tree Island Steel had a negative net margin of 3.18% and a negative return on equity of 4.70%. The business had revenue of C$34.31 million during the quarter. On average, equities analysts expect that Tree Island Steel Ltd. will post 0.4054054 earnings per share for the current fiscal year.

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. The firm groups its products into the following: Industrial, Commercial, Agricultural, Construction, and Residential Construction. Key revenue is derived from the Industrial segment. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands.