Tree Island Steel (TSE:TSL) Share Price Crosses Above 50-Day Moving Average of $3.85

Tree Island Steel Ltd. (TSE:TSL) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$3.85 and traded as high as C$3.95. Tree Island Steel shares last traded at C$3.93, with a volume of 1,200 shares trading hands.

The company has a quick ratio of 1.42, a current ratio of 3.57 and a debt-to-equity ratio of 133.38. The firm has a 50 day moving average price of C$3.85. The stock has a market cap of C$111.82 million and a P/E ratio of 11.56.

Tree Island Steel (TSE:TSL) last posted its quarterly earnings results on Thursday, May 6th. The company reported C$0.22 EPS for the quarter. The business had revenue of C$66.84 million for the quarter. On average, analysts anticipate that Tree Island Steel Ltd. will post 0.23 EPS for the current fiscal year.

In related news, Director Theodore Alfred Leja acquired 10,000 shares of the company’s stock in a transaction dated Friday, March 26th. The shares were bought at an average cost of C$3.92 per share, with a total value of C$39,156.48. Following the completion of the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at C$117,469.44.

Tree Island Steel Company Profile (TSE:TSL)

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers industrial products, such as pulp and unitizing, waste, chain link, upholstery, low carbon, and shaped wires, as well as straight and cut bars; and wirelines for use in the oil industry.

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