Taiga Building Products (TSE:TBL) Shares Down 0.3% – Time to Sell?

Taiga Building Products Ltd. (TSE:TBL) dropped 0.3% during mid-day trading on Wednesday. The stock traded as low as C$3.65 and last traded at C$3.65. 624 shares changed hands during trading, a decline of 90% from the average daily volume of 6,166 shares. The stock had previously closed at C$3.66.

Taiga Building Products Trading Up 0.3%

The firm has a market cap of C$395.08 million, a PE ratio of 14.08 and a beta of 0.59. The firm has a fifty day simple moving average of C$3.64 and a two-hundred day simple moving average of C$3.67. The company has a current ratio of 2.61, a quick ratio of 1.51 and a debt-to-equity ratio of 48.57.

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

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.