Tree Island Steel (TSE:TSL) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Tree Island Steel Ltd. (TSE:TSL) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$2.73 and traded as high as C$2.95. Tree Island Steel shares last traded at C$2.86, with a volume of 6,205 shares trading hands.

Tree Island Steel Trading Up 0.4 %

The firm has a market cap of C$74.79 million, a P/E ratio of 57.20 and a beta of 0.96. The company’s 50 day moving average is C$2.73 and its two-hundred day moving average is C$2.92. The company has a debt-to-equity ratio of 21.10, a current ratio of 5.39 and a quick ratio of 1.75.

Tree Island Steel (TSE:TSL) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$57.72 million for the quarter. Tree Island Steel had a return on equity of 1.01% and a net margin of 0.61%. On average, sell-side analysts predict that Tree Island Steel Ltd. will post 0.4054054 earnings per share for the current year.

Tree Island Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Friday, September 27th. Tree Island Steel’s dividend payout ratio is 240.00%.

About Tree Island Steel

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.