Tree Island Steel (TSE:TSL) Stock Price Passes Below 200 Day Moving Average - Here's What Happened

Tree Island Steel Ltd. (TSE:TSL - Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.72 and traded as low as C$2.50. Tree Island Steel shares last traded at C$2.50, with a volume of 101 shares.

Tree Island Steel Stock Down 0.4%

The business has a 50-day simple moving average of C$2.53 and a two-hundred day simple moving average of C$2.72. The company has a debt-to-equity ratio of 21.28, a quick ratio of 1.75 and a current ratio of 5.14. The company has a market capitalization of C$64.38 million, a price-to-earnings ratio of -25.79 and a beta of 0.96.

Tree Island Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th will be paid a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, June 30th. Tree Island Steel's dividend payout ratio (DPR) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.