Taiga Building Products (TSE:TBL) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Taiga Building Products Ltd. (TSE:TBL)’s stock price crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$3.64 and traded as low as C$3.53. Taiga Building Products shares last traded at C$3.60, with a volume of 7,963 shares trading hands.

Taiga Building Products Stock Performance

The company’s 50-day simple moving average is C$3.65 and its 200 day simple moving average is C$3.64. The stock has a market cap of C$388.60 million, a P/E ratio of 13.85 and a beta of 0.59. The company has a current ratio of 2.61, a quick ratio of 1.51 and a debt-to-equity ratio of 48.57.

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

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.