Tree Island Steel (TSE:TSL) Issues Earnings Results

Tree Island Steel (TSE:TSL) announced its earnings results on Thursday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports. Tree Island Steel had a negative net margin of 4.20% and a negative return on equity of 5.86%. The company had revenue of C$48.55 million during the quarter.

Tree Island Steel Price Performance

Tree Island Steel stock opened at C$2.27 on Friday. 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 business has a 50 day simple moving average of C$2.26 and a 200-day simple moving average of C$2.46. Tree Island Steel has a 12 month low of C$2.05 and a 12 month high of C$3.11. The stock has a market capitalization of C$58.74 million, a PE ratio of -8.73 and a beta of 0.35.

About Tree Island Steel

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.