Tree Island Steel (TSE:TSL) Stock Price Crosses Below 200-Day Moving Average - Time to Sell?

Tree Island Steel Ltd. (TSE:TSL - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.74 and traded as low as C$2.45. Tree Island Steel shares last traded at C$2.45, with a volume of 4,500 shares changing hands.

Tree Island Steel Stock Performance

The stock has a market cap of C$63.61 million, a P/E ratio of -25.48 and a beta of 0.96. 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 firm's 50-day moving average price is C$2.54 and its 200-day moving average price is C$2.73.

Tree Island Steel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be given a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Monday, June 30th. Tree Island Steel's dividend payout ratio is presently -123.77%.

Tree Island Steel Company Profile

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.