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

Key Points

• Technical signal: The stock passed below its 200-day moving average, trading as low as C$2.50 versus the 200-day average of C$2.71 and falling about 2.3% on the session (volume 2,325 shares).
• Weak recent profitability: The company reported a quarterly loss of C($0.13) EPS with a negative net margin (−3.18%) and negative ROE (−4.70%), resulting in a negative trailing P/E and a market cap of C$64.69 million.
• Mixed fundamentals and outlook: Tree Island Steel shows low leverage and solid liquidity (debt-to-equity 23.6, current ratio 4.37, quick ratio 1.75), while analysts on average forecast about C$0.405 EPS for the current fiscal year.

Tree Island Steel Ltd. (TSE:TSL - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.71 and traded as low as C$2.50. Tree Island Steel shares last traded at C$2.50, with a volume of 2,325 shares changing hands.

Tree Island Steel Stock Down 2.3%

The firm has a 50-day simple moving average of C$2.61 and a 200 day simple moving average of C$2.71. The company has a debt-to-equity ratio of 23.60, a current ratio of 4.37 and a quick ratio of 1.75. The company has a market capitalization of C$64.69 million, a PE ratio of -11.90 and a beta of 0.15.

Tree Island Steel (TSE:TSL - Get Free Report) last released its quarterly earnings data 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 company had revenue of C$34.31 million during the quarter. On average, research analysts predict that Tree Island Steel Ltd. will post 0.4054054 EPS for the current fiscal 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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