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

Tree Island Steel Ltd. (TSE:TSL)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$2.05 and last traded at C$2.15, with a volume of 1800 shares. The stock had previously closed at C$2.10.

Tree Island Steel Stock Up 5.2%

The company has a quick ratio of 1.75, a current ratio of 3.30 and a debt-to-equity ratio of 25.63. The company has a market capitalization of C$57.19 million, a price-to-earnings ratio of -8.50 and a beta of 0.35. The business’s 50-day moving average is C$2.31 and its 200-day moving average is C$2.51.

Tree Island Steel (TSE:TSL) last announced its quarterly earnings results on Friday, May 15th. The company reported C($0.05) earnings per share for the quarter. The company 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%. As a group, equities analysts predict 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.