Tree Island Steel (TSE:TSL) Reaches New 52-Week Low at $2.66

Tree Island Steel Ltd. (TSE:TSL) reached a new 52-week low on Tuesday . The company traded as low as C$2.66 and last traded at C$2.67, with a volume of 17237 shares. The stock had previously closed at C$2.90.

Tree Island Steel Trading Down 7.6 %

The business’s 50 day simple moving average is C$2.98 and its two-hundred day simple moving average is C$3.19. The stock has a market cap of C$72.63 million, a P/E ratio of 33.38 and a beta of 0.98. The company has a quick ratio of 1.75, a current ratio of 5.67 and a debt-to-equity ratio of 19.08.

Tree Island Steel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.12 dividend on an annualized basis and a yield of 4.48%. Tree Island Steel’s payout ratio is presently 150.00%.

About Tree Island Steel

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.