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Tree Island Steel (TSE:TSL) Reaches New 12-Month Low - Here's What Happened

Tree Island Steel logo with Basic Materials background

Shares of Tree Island Steel Ltd. (TSE:TSL - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as C$2.37 and last traded at C$2.50, with a volume of 300 shares changing hands. The stock had previously closed at C$2.46.

Tree Island Steel Stock Performance

The company has a debt-to-equity ratio of 21.28, a quick ratio of 1.75 and a current ratio of 5.14. The company has a market cap of C$63.09 million, a PE ratio of -25.27 and a beta of 0.96. The business's 50-day moving average is C$2.54 and its 200 day moving average is C$2.79.

Tree Island Steel Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a $0.015 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.06 annualized dividend and a yield of 2.45%. Tree Island Steel's payout ratio is currently -123.77%.

About Tree Island Steel

(Get Free Report)

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.

Further Reading

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