Tree Island Steel (TSE:TSL) Stock Passes Below 200-Day Moving Average - Should You Sell?

Tree Island Steel Ltd. (TSE:TSL - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.67 and traded as low as C$2.52. Tree Island Steel shares last traded at C$2.52, with a volume of 3,251 shares traded.

Tree Island Steel Stock Performance

The company has a debt-to-equity ratio of 21.28, a current ratio of 5.14 and a quick ratio of 1.75. The company has a market capitalization of C$64.64 million, a PE ratio of -25.89 and a beta of 0.96. The stock has a 50-day simple moving average of C$2.50 and a 200 day simple moving average of C$2.66.

Tree Island Steel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Monday, June 30th. Tree Island Steel's payout ratio is currently -123.77%.

About Tree Island Steel

Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products.