Tree Island Steel (TSE:TSL) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Tree Island Steel Ltd. (TSE:TSL - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.95 and traded as low as C$2.93. Tree Island Steel shares last traded at C$3.00, with a volume of 6,253 shares.

The firm has a market capitalization of C$78.45 million, a P/E ratio of 60.00 and a beta of 0.96. The company has a current ratio of 5.39, a quick ratio of 1.75 and a debt-to-equity ratio of 21.10. The stock has a 50-day simple moving average of C$2.70 and a two-hundred day simple moving average of C$2.94.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.12 dividend on an annualized basis and a yield of 4.00%. Tree Island Steel's dividend payout ratio is currently 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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