Tree Island Steel (TSE:TSL) Share Price Passes Above 50 Day Moving Average - Should You Sell?

Tree Island Steel Ltd. (TSE:TSL - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$2.73 and traded as high as C$2.95. Tree Island Steel shares last traded at C$2.86, with a volume of 6,205 shares trading hands.

The company has a market cap of C$75.05 million, a PE ratio of 57.60 and a beta of 0.96. The stock has a 50 day simple moving average of C$2.73 and a two-hundred day simple moving average of C$2.92. The company has a debt-to-equity ratio of 21.10, a current ratio of 5.39 and a quick ratio of 1.75.

Tree Island Steel (TSE:TSL - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.02 earnings per share (EPS) for the quarter. The firm had revenue of C$57.72 million for the quarter. Tree Island Steel had a return on equity of 1.01% and a net margin of 0.61%. Equities analysts predict that Tree Island Steel Ltd. will post 0.4054054 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 4.18%. The ex-dividend date was Friday, September 27th. Tree Island Steel's payout ratio is 240.00%.

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.

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