Tree Island Steel (TSE:TSL) Shares Pass Below Two Hundred Day Moving Average of $3.22

Shares of Tree Island Steel Ltd. (TSE:TSL) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$3.22 and traded as low as C$3.10. Tree Island Steel shares last traded at C$3.16, with a volume of 8,800 shares.

Tree Island Steel Stock Up 1.9 %

The firm has a market capitalization of C$85.73 million, a PE ratio of 11.70 and a beta of 0.97. The company has a current ratio of 6.15, a quick ratio of 1.75 and a debt-to-equity ratio of 18.75. The firm has a 50-day moving average of C$3.30 and a two-hundred day moving average of C$3.22.

Tree Island Steel (TSE:TSL) last released its quarterly earnings data on Thursday, March 14th. The company reported C($0.07) EPS for the quarter. Tree Island Steel had a return on equity of 5.92% and a net margin of 3.15%. The firm had revenue of C$47.34 million during the quarter. On average, equities research analysts forecast that Tree Island Steel Ltd. will post 0.4594595 EPS for the current year.

Tree Island Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.12 annualized dividend and a yield of 3.80%. Tree Island Steel’s dividend payout ratio is currently 44.44%.

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.