Tree Island Steel (TSE:TSL) Stock Passes Below 200 Day Moving Average – Should You Sell?

Tree Island Steel Ltd. (TSE:TSL) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.88 and traded as low as C$2.88. Tree Island Steel shares last traded at C$2.90, with a volume of 4,905 shares.

Tree Island Steel Stock Performance

The stock has a 50 day moving average of C$2.96 and a 200 day moving average of C$2.88. The company has a market capitalization of C$74.68 million, a price-to-earnings ratio of -29.91 and a beta of 0.96. The company has a quick ratio of 1.75, a current ratio of 5.14 and a debt-to-equity ratio of 21.28.

Tree Island Steel Company Profile

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.