Tree Island Steel (TSE:TSL) Hits New 1-Year Low – What’s Next?

Shares of Tree Island Steel Ltd. (TSE:TSL) reached a new 52-week low during trading on Monday . The company traded as low as C$2.15 and last traded at C$2.21, with a volume of 6453 shares. The stock had previously closed at C$2.31.

Tree Island Steel Price Performance

The company has a current ratio of 3.30, a quick ratio of 1.75 and a debt-to-equity ratio of 25.63. The company has a market capitalization of C$57.19 million, a PE ratio of -8.50 and a beta of 0.35. The stock’s 50-day moving average is C$2.40 and its two-hundred day moving average is C$2.58.

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