Tree Island Steel Ltd. (TSE:TSL) Senior Officer Brian Chi Hong Liu Acquires 5,000 Shares

Tree Island Steel Ltd. (TSE:TSL) Senior Officer Brian Chi Hong Liu bought 5,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of C$3.08 per share, for a total transaction of C$15,400.00.

Tree Island Steel Trading Down 2.5 %

TSL stock traded down C$0.08 during midday trading on Wednesday, hitting C$3.08. The stock had a trading volume of 16,200 shares, compared to its average volume of 9,608. 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 market cap of C$83.56 million, a P/E ratio of 11.44 and a beta of 0.97. The business has a fifty day moving average price of C$3.30 and a two-hundred day moving average price of C$3.22. Tree Island Steel Ltd. has a 1-year low of C$2.78 and a 1-year high of C$3.70.

Tree Island Steel (TSE:TSL) last announced its quarterly earnings data on Thursday, March 14th. The company reported C($0.07) earnings per share (EPS) for the quarter. Tree Island Steel had a net margin of 3.15% and a return on equity of 5.92%. The business had revenue of C$47.34 million during the quarter. On average, sell-side analysts predict that Tree Island Steel Ltd. will post 0.4594595 earnings per share for the current fiscal year.

Tree Island Steel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Wednesday, March 27th. Tree Island Steel’s payout ratio is 44.44%.

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.