Taiga Building Products (TSE:TBL) Trading Down 1%

Taiga Building Products Ltd. (TSE:TBL)’s share price dropped 1% during mid-day trading on Thursday . The company traded as low as C$3.80 and last traded at C$3.80. Approximately 3,705 shares were traded during trading, a decline of 66% from the average daily volume of 10,973 shares. The stock had previously closed at C$3.84.

Taiga Building Products Stock Performance

The company has a market cap of C$426.36 million, a price-to-earnings ratio of 6.93 and a beta of 0.88. The company has a debt-to-equity ratio of 23.09, a current ratio of 3.61 and a quick ratio of 1.51. The firm has a fifty day simple moving average of C$3.70 and a 200 day simple moving average of C$3.33.

Taiga Building Products (TSE:TBL) last released its quarterly earnings results on Friday, May 3rd. The company reported C$0.12 earnings per share (EPS) for the quarter. The company had revenue of C$393.63 million during the quarter. Taiga Building Products had a net margin of 3.64% and a return on equity of 15.36%.

About Taiga Building Products

Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States. It offers dimension lumber; panel products, such as plywood, particle board, and oriented strand board products; and allied and treated products, such as roofing materials, moldings, composite decking, and polyethylene sheeting products, as well as batt and foam insulation, flooring, and engineered and treated wood products.