Taiga Building Products (TSE:TBL) Trading Up 2.5% - Should You Buy?

Key Points

• Taiga Building Products Ltd. shares increased by 2.5% to C$3.24, despite a significant decline in trading volume, down 93% from the average.
• The company has a market cap of C$349.74 million and a low P/E ratio of 6.94, indicating potentially favorable valuation for investors.
• Taiga operates as a wholesale distributor of building products in Canada and the United States, offering a range of materials including lumber and insulation.

Taiga Building Products Ltd. (TSE:TBL - Get Free Report) shares rose 2.5% during trading on Tuesday . The stock traded as high as C$3.25 and last traded at C$3.24. Approximately 977 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 14,870 shares. The stock had previously closed at C$3.16.

Taiga Building Products Stock Down 2.7%

The stock has a market cap of C$345.42 million, a P/E ratio of 6.85 and a beta of 0.77. 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 firm's fifty day moving average is C$3.80 and its 200 day moving average is C$3.85.

Taiga Building Products Company Profile

Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States. It offers dimension lumber; panel products, such as plywood, particle board, and oriented strand board products; and allied and treated products, such as roofing materials, moldings, composite decking, and polyethylene sheeting products, as well as batt and foam insulation, flooring, and engineered and treated wood products.