Tree Island Steel - TSL Stock Forecast, Price & News

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers industrial products, such as pulp and unitizing, recycling wire, chain link, upholstery, low carbon, and shaped wires, as well as straight and cut bars and wirelines for use in the oil industry. The company also provides residential products, including bulk and collated nails, packaged nails and fasteners, and packaged and bulk screws; nail head identification systems; and woven and welded wires, and corners and accessories. In addition, it offers commercial products comprising reinforcing mesh, pipe mesh and flexicage, Rebar tie wire, and engineered structural mesh, concrete reinforcing wires, as well as mine mesh products. Further, the company provides agricultural products consisting of agricultural wire, rolled fencing, fence panels, and fence staples and stay. Tree Island Steel Ltd. markets its products under the Tree Island, Halsteel, True Spec, K-Lath, Stucco-Rite, TI Wire, Tough Strand, and ToughPanel brand names. The company was formerly known as Tree Island Wire Income Fund and changed its name to Tree Island Steel Ltd. in October 2012. Tree Island Steel Ltd. was founded in 1964 and is headquartered in Richmond, Canada.

Tree Island Steel Stock Performance

TSE:TSL opened at C$3.73 on Monday. The stock has a market cap of C$106.03 million and a PE ratio of 1.08. The company has a current ratio of 4.50, a quick ratio of 1.95 and a debt-to-equity ratio of 39.30. Tree Island Steel has a twelve month low of C$3.54 and a twelve month high of C$7.23. The stock has a fifty day simple moving average of C$3.99 and a 200-day simple moving average of C$4.74.

Tree Island Steel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 3.22%. The ex-dividend date is Thursday, September 29th. Tree Island Steel's payout ratio is 3.48%.