Taiga Building Products (TSE:TBL) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Taiga Building Products Ltd. (TSE:TBL)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$3.69 and traded as low as C$3.60. Taiga Building Products shares last traded at C$3.65, with a volume of 6,200 shares trading hands.

Taiga Building Products Trading Up 1.4%

The company has a current ratio of 2.54, a quick ratio of 1.51 and a debt-to-equity ratio of 54.25. The company has a market cap of C$394.00 million, a PE ratio of 14.60 and a beta of 0.56. The company has a fifty day simple moving average of C$3.69 and a two-hundred day simple moving average of C$3.64.

Taiga Building Products (TSE:TBL) last released its earnings results on Friday, August 7th. The company reported C$0.15 earnings per share for the quarter. The firm had revenue of C$426.58 million 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.