Tree Island Steel (TSE:TSL) Share Price Passes Below 200-Day Moving Average of $3.26

Tree Island Steel Ltd. (TSE:TSL) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.26 and traded as low as C$2.93. Tree Island Steel shares last traded at C$3.01, with a volume of 4,229 shares trading hands.

Tree Island Steel Stock Performance

The company has a debt-to-equity ratio of 19.08, a quick ratio of 1.75 and a current ratio of 5.67. The stock has a market cap of C$81.57 million, a PE ratio of 37.63 and a beta of 0.98. The business’s fifty day moving average price is C$3.08 and its 200-day moving average price is C$3.26.

Tree Island Steel (TSE:TSL) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C$0.02 earnings per share (EPS) for the quarter. The company had revenue of C$56.55 million for the quarter. Tree Island Steel had a net margin of 1.05% and a return on equity of 1.79%. As a group, equities research analysts forecast that Tree Island Steel Ltd. will post 0.4381223 EPS for the current fiscal year.

Tree Island Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Friday, June 28th. Tree Island Steel’s payout ratio is 150.00%.

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.