Free Trial

Taiga Building Products (TSE:TBL) Stock Price Down 0.8% - Time to Sell?

Taiga Building Products logo with Basic Materials background

Key Points

  • Taiga Building Products Ltd. stock fell 0.8% during mid-day trading, reaching a low of C$3.56 before last trading at C$3.62.
  • Trading volume plunged by 83% compared to the average session, with only 2,282 shares changing hands.
  • The company, with a market cap of C$390.76 million, has a PE ratio of 8.62 and a generally low debt-to-equity ratio of 21.99.
  • Interested in Taiga Building Products? Here are five stocks we like better.

Shares of Taiga Building Products Ltd. (TSE:TBL - Get Free Report) traded down 0.8% during trading on Wednesday . The stock traded as low as C$3.56 and last traded at C$3.62. 2,282 shares traded hands during trading, a decline of 83% from the average session volume of 13,519 shares. The stock had previously closed at C$3.65.

Taiga Building Products Price Performance

The company has a current ratio of 3.63, a quick ratio of 1.51 and a debt-to-equity ratio of 21.99. The business's 50-day simple moving average is C$3.41 and its 200 day simple moving average is C$3.77. The firm has a market cap of C$394.00 million, a PE ratio of 8.69 and a beta of 0.39.

About Taiga Building Products

(Get Free Report)

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.

See Also

Should You Invest $1,000 in Taiga Building Products Right Now?

Before you consider Taiga Building Products, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Taiga Building Products wasn't on the list.

While Taiga Building Products currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.