Taiga Building Products (TSE:TBL) Trading Down 0.8% - Here's Why

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.

Taiga Building Products Ltd. (TSE:TBL - ) fell 0.8% during mid-day trading on Wednesday . The stock traded as low as C$3.56 and last traded at C$3.62. 2,282 shares changed hands during mid-day 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 Stock Performance

The firm has a fifty day simple moving average of C$3.40 and a 200-day simple moving average of C$3.78. The company has a quick ratio of 1.51, a current ratio of 3.63 and a debt-to-equity ratio of 21.99. The company has a market cap of C$390.76 million, a PE ratio of 8.62 and a beta of 0.39.

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.

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