Tree Island Steel (TSE:TSL) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of Tree Island Steel Ltd. (TSE:TSL) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.87 and traded as low as C$2.81. Tree Island Steel shares last traded at C$2.89, with a volume of 18,551 shares traded.

Tree Island Steel Trading Down 2.7 %

The company has a market cap of C$75.57 million, a price-to-earnings ratio of 57.80 and a beta of 0.96. The company has a current ratio of 5.39, a quick ratio of 1.75 and a debt-to-equity ratio of 21.10. The firm’s 50-day moving average price is C$3.01 and its 200 day moving average price is C$2.87.

Tree Island Steel (TSE:TSL) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C($0.07) earnings per share (EPS) for the quarter. Tree Island Steel had a net margin of 0.61% and a return on equity of 1.01%. As a group, equities analysts expect that Tree Island Steel Ltd. will post 0.4054054 EPS for the current year.

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.