Posted by admin on Jul 22nd, 2022
Tree Island Steel Ltd. (TSE:TSL – Get Rating) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.87 and traded as low as C$3.83. Tree Island Steel shares last traded at C$3.86, with a volume of 4,440 shares changing hands.
The company has a market cap of C$109.76 million and a price-to-earnings ratio of 1.16. The company has a current ratio of 2.16, a quick ratio of 0.96 and a debt-to-equity ratio of 35.76. The business has a 50-day moving average price of C$4.21 and a 200 day moving average price of C$4.87.
Tree Island Steel (TSE:TSL – Get Rating) last announced its earnings results on Wednesday, May 4th. The company reported C$0.45 EPS for the quarter. The company had revenue of C$92.75 million for the quarter. As a group, research analysts expect that Tree Island Steel Ltd. will post 0.23 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Wednesday, June 29th. Tree Island Steel’s dividend payout ratio is 3.61%.
Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers industrial products, such as pulp and unitizing, recycling wire, chain link, upholstery, low carbon, and shaped wires, as well as straight and cut bars and wirelines for use in the oil industry.
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