Tree Island Steel Ltd. (TSE:TSL - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.69 and traded as low as C$2.48. Tree Island Steel shares last traded at C$2.51, with a volume of 810 shares changing hands.
Tree Island Steel Stock Performance
The firm has a fifty day simple moving average of C$2.49 and a 200 day simple moving average of C$2.68. The company has a current ratio of 5.14, a quick ratio of 1.75 and a debt-to-equity ratio of 21.28. The stock has a market cap of C$63.87 million, a price-to-earnings ratio of -25.58 and a beta of 0.96.
Tree Island Steel Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were paid a $0.015 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.06 annualized dividend and a dividend yield of 2.42%. Tree Island Steel's dividend payout ratio is currently -123.77%.
About Tree Island Steel
(
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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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