Tree Island Steel (TSE:TSL) Reaches New 52-Week Low – Should You Sell?

Shares of Tree Island Steel Ltd. (TSE:TSL) hit 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 traded. The stock had previously closed at C$2.31.

Tree Island Steel Trading Down 4.3%

The stock’s 50-day moving average price is C$2.40 and its 200 day moving average price is C$2.58. The company has a debt-to-equity ratio of 25.63, a current ratio of 3.30 and a quick ratio of 1.75. The firm has a market capitalization of C$57.19 million, a PE ratio of -8.50 and a beta of 0.35.

Tree Island Steel (TSE:TSL) last announced its quarterly earnings results on Friday, May 15th. The company reported C($0.05) earnings per share (EPS) for the quarter. The firm had revenue of C$43.05 million during the quarter. Tree Island Steel had a negative net margin of 4.20% and a negative return on equity of 5.86%. On average, sell-side analysts expect that Tree Island Steel Ltd. will post 0.4054054 EPS for the current fiscal 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.