Tree Island Steel (TSE:TSL) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Shares of Tree Island Steel fell below its 200-day moving average, trading as low as C$2.45 versus the 200-day average of C$2.70, with a volume of 4,211 and down about 0.4%.
• In the most recent quarter the company reported a C($0.13) EPS on C$34.31 million of revenue, with a negative net margin (-3.18%) and negative ROE (-4.70%), yet analysts currently model roughly C$0.405 EPS for the year.
• Tree Island Steel has a market cap of C$63.4 million, a negative trailing P/E (-11.67), low volatility (beta 0.18), solid liquidity (quick ratio 1.75, current ratio 4.37) and modest leverage (debt-to-equity 23.6%).

Shares of Tree Island Steel Ltd. (TSE:TSL - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.70 and traded as low as C$2.45. Tree Island Steel shares last traded at C$2.45, with a volume of 4,211 shares traded.

Tree Island Steel Trading Down 0.4%

The firm has a market cap of C$63.40 million, a P/E ratio of -11.67 and a beta of 0.18. The company has a quick ratio of 1.75, a current ratio of 4.37 and a debt-to-equity ratio of 23.60. The firm's 50-day simple moving average is C$2.59 and its 200 day simple moving average is C$2.70.

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

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. 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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