Tree Island Steel (TSE:TSL) Reaches New 52-Week Low at $1.84

Shares of Tree Island Steel Ltd. (TSE:TSL) hit a new 52-week low during trading on Monday . The company traded as low as C$1.84 and last traded at C$1.84, with a volume of 4500 shares trading hands. The stock had previously closed at C$1.86.

Separately, Raymond James restated a “market perform” rating and set a C$2.50 price target on shares of Tree Island Steel in a research note on Thursday, August 1st.

The firm has a market cap of $53.65 million and a P/E ratio of -18.40. The stock’s 50 day simple moving average is C$1.98 and its 200 day simple moving average is C$2.09. The company has a debt-to-equity ratio of 188.80, a quick ratio of 0.39 and a current ratio of 1.37.

Tree Island Steel (TSE:TSL) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.07). The business had revenue of C$52.62 million for the quarter. As a group, analysts forecast that Tree Island Steel Ltd. will post 0.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, September 27th. This represents a $0.08 dividend on an annualized basis and a yield of 4.35%. Tree Island Steel’s dividend payout ratio (DPR) is presently -80.00%.

Tree Island Steel Company Profile (TSE:TSL)

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers industrial products, such as pulp and unitizing, waste, chain link, upholstery, low carbon, and shaped wires, as well as straight and cut bars; and wirelines for use in the oil industry.

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