Tree Island Steel (TSE:TSL) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Tree Island Steel's stock price has surged above its 200-day moving average of C$2.54, peaking at C$2.75 before settling at C$2.68.
• Despite the rise, the stock is currently down 2.5% and has a market capitalization of C$69.57 million with a price-to-earnings ratio of -13.40.
• The company specializes in manufacturing steel wire products, including bulk nails and concrete reinforcing materials.

Tree Island Steel Ltd. (TSE:TSL - )'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.54 and traded as high as C$2.75. Tree Island Steel shares last traded at C$2.68, with a volume of 8,139 shares traded.

Tree Island Steel Stock Down 2.5%

The firm has a market capitalization of C$69.57 million, a price-to-earnings ratio of -13.40 and a beta of 0.16. The stock has a 50 day moving average of C$2.57 and a 200 day moving average of C$2.54. The company has a quick ratio of 1.75, a current ratio of 5.14 and a debt-to-equity ratio of 21.28.

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.

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