Tree Island Steel (TSE:TSL) Reaches New 52-Week Low – Here’s Why

Tree Island Steel Ltd. (TSE:TSL) shares hit a new 52-week low on Thursday . The company traded as low as C$2.20 and last traded at C$2.23, with a volume of 10406 shares. The stock had previously closed at C$2.30.

Tree Island Steel Trading Down 2.6%

The stock has a market capitalization of C$57.96 million, a P/E ratio of -8.62 and a beta of 0.37. 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 stock’s fifty day moving average price is C$2.48 and its two-hundred day moving average price is C$2.64.

Tree Island Steel (TSE:TSL) last announced its quarterly earnings data on Friday, May 15th. The company reported C($0.05) earnings per share for the quarter. The business had revenue of C$43.05 million during the quarter. Tree Island Steel had a negative return on equity of 5.86% and a negative net margin of 4.20%. Equities research analysts forecast 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.