Tree Island Steel (TSE:TSL) Stock Price Crosses Below 50 Day Moving Average - What's Next?

Key Points

• Shares of Tree Island Steel (TSE:TSL) dropped below its 50-day moving average
• Recent fundamentals show a quarterly loss (EPS C($0.13)), negative net margin (−3.18%) and ROE (−4.70%) with a market cap of C$66.58M and a negative P/E (−12.24), though analysts project about 0.405 EPS for the current fiscal year; liquidity metrics are strong (current ratio 4.37, quick ratio 1.75).

Shares of Tree Island Steel Ltd. (TSE:TSL - Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$2.64 and traded as low as C$2.57. Tree Island Steel shares last traded at C$2.57, with a volume of 207 shares changing hands.

Tree Island Steel Trading Down 0.4%

The company has a debt-to-equity ratio of 23.60, a quick ratio of 1.75 and a current ratio of 4.37. The stock has a market capitalization of C$66.58 million, a P/E ratio of -12.24 and a beta of 0.15. The firm's fifty day simple moving average is C$2.64 and its 200 day simple moving average is C$2.71.

Tree Island Steel (TSE:TSL - Get Free Report) last released its earnings results on Friday, March 13th. The company reported C($0.13) EPS for the quarter. Tree Island Steel had a negative net margin of 3.18% and a negative return on equity of 4.70%. The firm had revenue of C$34.31 million during the quarter. As a group, equities research analysts forecast that Tree Island Steel Ltd. will post 0.4054054 EPS for the current fiscal year.

Tree Island Steel Company Profile

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. The firm groups its products into the following: Industrial, Commercial, Agricultural, Construction, and Residential Construction. Key revenue is derived from the Industrial segment. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands.

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