Tree Island Steel (TSE:TSL) Posts Earnings Results

Tree Island Steel (TSE:TSL) posted its quarterly earnings results on Thursday. The company reported C($0.13) EPS for the quarter, FiscalAI reports. Tree Island Steel had a negative return on equity of 4.57% and a negative net margin of 2.93%.The business had revenue of C$34.31 million for the quarter.

Tree Island Steel Trading Down 3.3%

TSL traded down C$0.09 during trading on Thursday, reaching C$2.61. 100 shares of the stock traded hands, compared to its average volume of 3,305. The stock has a market capitalization of C$67.62 million, a PE ratio of -12.43 and a beta of 0.14. The company has a quick ratio of 1.75, a current ratio of 4.28 and a debt-to-equity ratio of 26.97. The stock’s 50-day moving average is C$2.68 and its 200 day moving average is C$2.71. Tree Island Steel has a 12 month low of C$2.37 and a 12 month high of C$3.11.

Tree Island Steel Company Profile

Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The firm groups its products into the following: Industrial, Commercial, Agricultural, Construction, and Residential Construction. Key revenue is derived from the Industrial segment. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands.