Taiga Building Products (TSE:TBL) Trading Up 2.2% - What's Next?

Key Points

• Traded up 2.2% to C$3.73 during mid-day trading on Tuesday, but volume was only 612 shares — an 89% decline from the average session volume of 5,745, indicating thin liquidity.
• Key financials: market capitalization C$402.63M, P/E 14.35 and beta 0.63; the company reported C($0.08) EPS for the most recent quarter while showing a net margin of 1.75% and return on equity of 8.32%.
• Company profile: Taiga is a Canadian producer and wholesale distributor of building products (e.g., decking, lumber, insulation, roofing) and generates the majority of revenue from Canada, followed by the U.S.

Taiga Building Products Ltd. (TSE:TBL - Get Free Report) traded up 2.2% during mid-day trading on Tuesday . The company traded as high as C$3.73 and last traded at C$3.73. 612 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 5,745 shares. The stock had previously closed at C$3.65.

Taiga Building Products Stock Performance

The company's 50-day moving average price is C$3.58 and its two-hundred day moving average price is C$3.51. The company has a market capitalization of C$402.63 million, a price-to-earnings ratio of 14.35 and a beta of 0.63. The company has a debt-to-equity ratio of 33.74, a current ratio of 3.18 and a quick ratio of 1.51.

Taiga Building Products (TSE:TBL - Get Free Report) last released its earnings results on Friday, February 27th. The company reported C($0.08) earnings per share (EPS) for the quarter. Taiga Building Products had a net margin of 1.75% and a return on equity of 8.32%.

Taiga Building Products Company Profile

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.

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