Tree Island Steel (TSE:TSL) Hits New 12-Month Low – Here’s Why

Tree Island Steel Ltd. (TSE:TSL)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$2.35 and last traded at C$2.35, with a volume of 18326 shares trading hands. The stock had previously closed at C$2.34.

Tree Island Steel Stock Performance

The company has a debt-to-equity ratio of 25.63, a current ratio of 3.30 and a quick ratio of 1.75. The stock has a fifty day simple moving average of C$2.41 and a two-hundred day simple moving average of C$2.60. The firm has a market capitalization of C$60.55 million, a P/E ratio of -9.00 and a beta of 0.37.

Tree Island Steel (TSE:TSL) last announced its quarterly earnings data on Friday, May 15th. The company reported C($0.05) EPS for the quarter. Tree Island Steel had a negative return on equity of 5.86% and a negative net margin of 4.20%.The company had revenue of C$43.05 million for the quarter. On average, research analysts predict that Tree Island Steel Ltd. will post 0.4054054 EPS for the current year.

About Tree Island Steel

Tree Island Steel, headquartered in Richmond, British Columbia, since 1964, through its operating facilities in Canada and the United States, produces wire products for a diverse range of industrial, residential construction, commercial construction and agricultural applications. Its products include galvanized wire, bright wire; a broad array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other fabricated wire products.