Taiga Building Products (TSE:TBL) Shares Pass Below 50 Day Moving Average – Here’s Why

Shares of Taiga Building Products Ltd. (TSE:TBL) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$3.69 and traded as low as C$3.60. Taiga Building Products shares last traded at C$3.65, with a volume of 6,200 shares traded.

Taiga Building Products Price Performance

The stock has a market cap of C$394.00 million, a P/E ratio of 14.60 and a beta of 0.56. The company has a debt-to-equity ratio of 54.25, a quick ratio of 1.51 and a current ratio of 2.54. The business has a 50 day simple moving average of C$3.69 and a 200-day simple moving average of C$3.64.

Taiga Building Products (TSE:TBL) last announced its earnings results on Friday, August 7th. The company reported C$0.15 earnings per share (EPS) for the quarter. The firm had revenue of C$426.58 million during the quarter. Taiga Building Products had a return on equity of 9.04% and a net margin of 1.75%.

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.