Tree Island Steel (TSE:TSL) Share Price Crosses Below Two Hundred Day Moving Average of $3.25

Tree Island Steel Ltd. (TSE:TSL)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.25 and traded as low as C$3.02. Tree Island Steel shares last traded at C$3.04, with a volume of 13,626 shares trading hands.

Tree Island Steel Stock Down 1.0 %

The stock has a 50 day simple moving average of C$3.10 and a 200-day simple moving average of C$3.25. The firm has a market cap of C$81.57 million, a PE ratio of 37.63 and a beta of 0.98. The company has a debt-to-equity ratio of 19.08, a current ratio of 5.67 and a quick ratio of 1.75.

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

Tree Island Steel Dividend Announcement

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

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.