Tree Island Steel (TSE:TSL) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Tree Island Steel Ltd. (TSE:TSL) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.87 and traded as low as C$2.87. Tree Island Steel shares last traded at C$2.94, with a volume of 15,601 shares traded.

Tree Island Steel Trading Down 0.3 %

The company’s 50-day moving average is C$2.98 and its 200-day moving average is C$2.87. The firm has a market cap of C$75.71 million, a price-to-earnings ratio of -30.32 and a beta of 0.96. The company has a debt-to-equity ratio of 21.28, a quick ratio of 1.75 and a current ratio of 5.14.

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.