Tree Island Steel (TSE:TSL) Sets New 1-Year Low – Here’s Why

Tree Island Steel Ltd. (TSE:TSL)’s stock price hit a new 52-week low on Tuesday . The company traded as low as C$2.15 and last traded at C$2.25, with a volume of 7553 shares traded. The stock had previously closed at C$2.28.

Tree Island Steel Price Performance

The company has a debt-to-equity ratio of 25.63, a quick ratio of 1.75 and a current ratio of 3.30. The company has a market capitalization of C$58.22 million, a PE ratio of -8.65 and a beta of 0.35. The company’s 50-day simple moving average is C$2.37 and its 200-day simple moving average is C$2.55.

Tree Island Steel (TSE:TSL) last announced its earnings results on Friday, May 15th. The company reported C($0.05) EPS for the quarter. Tree Island Steel had a negative net margin of 4.20% and a negative return on equity of 5.86%. The business had revenue of C$43.05 million during the quarter. As a group, sell-side analysts anticipate that Tree Island Steel Ltd. will post 0.4054054 earnings per share 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.