Taiga Building Products (TSE:TBL) Reaches New 52-Week Low – Should You Sell?

Taiga Building Products Ltd. (TSE:TBL)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as C$3.17 and last traded at C$3.54, with a volume of 13555 shares changing hands. The stock had previously closed at C$3.64.

Taiga Building Products Price Performance

The company has a current ratio of 2.61, a quick ratio of 1.51 and a debt-to-equity ratio of 48.57. The company has a market capitalization of C$391.84 million, a PE ratio of 13.96 and a beta of 0.56. The stock’s 50-day moving average is C$3.66 and its two-hundred day moving average is C$3.65.

Taiga Building Products (TSE:TBL) last released its earnings results on Friday, August 7th. The company reported C$0.15 EPS for the quarter. Taiga Building Products had a return on equity of 9.04% and a net margin of 1.83%.The firm had revenue of C$426.58 million for the quarter.

Taiga Building Products Company Profile

Taiga Building Products Ltd is a Canadian-based company. It is engaged in the production and wholesale distribution of building products. Its products range includes composite decking, engineered wood, flooring, insulation, lumber, modulings, panels, polyethylene, preserved wood, roofing, and siding. It also offers distribution logistics and treating plants services. Taiga is a global exporter with the majority of the revenue generated from Canada followed by the United States.