Tree Island Steel (TSE:TSL) Hits New 12-Month Low – What’s Next?

Tree Island Steel Ltd. (TSE:TSL)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$2.46 and last traded at C$2.50, with a volume of 11135 shares. The stock had previously closed at C$2.55.

Tree Island Steel Price Performance

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 fifty day moving average price of C$2.88 and a two-hundred day moving average price of C$2.88. The company has a market cap of C$63.09 million, a P/E ratio of -25.27 and a beta of 0.96.

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.