Taiga Building Products (TSE:TBL) Trading Down 0.3% – What’s Next?

Taiga Building Products Ltd. (TSE:TBLGet Free Report) dropped 0.3% during mid-day trading on Tuesday . The stock traded as low as C$3.76 and last traded at C$3.76. Approximately 2,003 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 7,922 shares. The stock had previously closed at C$3.77.

Taiga Building Products Stock Performance

The company has a current ratio of 3.63, a quick ratio of 1.51 and a debt-to-equity ratio of 21.99. The company’s 50-day simple moving average is C$3.89 and its 200-day simple moving average is C$3.83. The stock has a market capitalization of C$405.87 million, a price-to-earnings ratio of 8.05 and a beta of 0.77.

About Taiga Building Products

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Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States. It offers dimension lumber; panel products, such as plywood, particle board, and oriented strand board products; and allied and treated products, such as roofing materials, moldings, composite decking, and polyethylene sheeting products, as well as batt and foam insulation, flooring, and engineered and treated wood products.

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