Taiga Building Products (TSE:TBL) Shares Down 1.4% – Time to Sell?

Taiga Building Products Ltd. (TSE:TBL) shares were down 1.4% on Wednesday . The company traded as low as C$3.50 and last traded at C$3.55. Approximately 14,543 shares traded hands during mid-day trading, an increase of 183% from the average daily volume of 5,141 shares. The stock had previously closed at C$3.60.

Taiga Building Products Price Performance

The stock’s fifty day moving average price is C$3.65 and its two-hundred day moving average price is C$3.53. The firm has a market capitalization of C$383.20 million, a price-to-earnings ratio of 14.20 and a beta of 0.55. The company has a current ratio of 2.54, a quick ratio of 1.51 and a debt-to-equity ratio of 54.25.

Taiga Building Products (TSE:TBL) last announced its quarterly earnings data on Friday, May 8th. The company reported C$0.08 earnings per share for the quarter. Taiga Building Products had a net margin of 1.75% and a return on equity of 9.04%.

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.