Tree Island Steel (TSE:TSL) Sets New 1-Year Low – What’s Next?

Tree Island Steel Ltd. (TSE:TSL)’s share price reached a new 52-week low during mid-day 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 stock’s 50-day moving average price is C$2.86 and its 200 day moving average price is C$2.88. The company has a quick ratio of 1.75, a current ratio of 5.14 and a debt-to-equity ratio of 21.28. The firm has a market capitalization of C$65.67 million, a price-to-earnings ratio of -26.30 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.