Taiga Building Products (TSE:TBL) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Taiga Building Products Ltd. (TSE:TBL)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$3.68 and traded as low as C$3.59. Taiga Building Products shares last traded at C$3.65, with a volume of 659 shares changing hands.

Taiga Building Products Stock Performance

The firm has a market capitalization of C$390.76 million, a PE ratio of 13.92 and a beta of 0.56. The company has a debt-to-equity ratio of 48.57, a current ratio of 2.61 and a quick ratio of 1.51. The stock has a 50-day moving average price of C$3.67 and a 200-day moving average price of C$3.65.

Taiga Building Products (TSE:TBL) last issued its quarterly earnings results on Friday, August 7th. The company reported C$0.15 EPS for the quarter. Taiga Building Products had a return on equity of 9.04% and a net margin of 1.83%.The firm had revenue of C$426.58 million during the quarter.

About Taiga Building Products

Taiga Building Products Ltd is a Canadian-based company. It is engaged in the production and wholesale distribution of building products. Its products range includes composite decking, engineered wood, flooring, insulation, lumber, modulings, panels, polyethylene, preserved wood, roofing, and siding. It also offers distribution logistics and treating plants services. Taiga is a global exporter with the majority of the revenue generated from Canada followed by the United States.