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

Tree Island Steel Ltd. (TSE:TSL - Get Free Report)'s share price 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 traded.

The stock has a fifty 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 quick ratio of 1.75 and a current ratio of 5.39. The stock has a market cap of C$74.79 million, a PE ratio of 57.20 and a beta of 0.96.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.12 annualized dividend and a dividend yield of 4.20%. Tree Island Steel's dividend payout ratio is presently 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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