Tree Island Steel Ltd. (TSE:TSL - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.
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 firm has a fifty day moving average price of C$2.54 and a two-hundred day moving average price of C$2.74. The stock has a market capitalization of C$63.09 million, a PE ratio of -25.27 and a beta of 0.96.
Tree Island Steel Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.015 per share. 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%.
Tree Island Steel Company Profile
(
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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.
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