Tree Island Steel (TSE:TSL) Sets New 1-Year Low – Here’s Why

Tree Island Steel Ltd. (TSE:TSL) shares reached a new 52-week low during trading on Tuesday . The company traded as low as C$2.15 and last traded at C$2.25, with a volume of 7553 shares. The stock had previously closed at C$2.28.

Tree Island Steel Price Performance

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 firm has a market capitalization of C$58.22 million, a PE ratio of -8.65 and a beta of 0.35. The company has a fifty day moving average price of C$2.37 and a two-hundred day moving average price of C$2.55.

Tree Island Steel (TSE:TSL) last released 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 for the quarter. Tree Island Steel had a negative return on equity of 5.86% and a negative net margin of 4.20%. Sell-side analysts forecast that Tree Island Steel Ltd. will post 0.4054054 earnings per share 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.