Tree Island Steel (TSE:TSL) Reaches New 1-Year Low at $2.50

Posted by Jessica Moore on Sep 17th, 2024

Tree Island Steel Ltd. (TSE:TSL – Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$2.50 and last traded at C$2.57, with a volume of 12351 shares traded. The stock had previously closed at C$2.59.

Tree Island Steel Stock Performance

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 company’s 50-day moving average price is C$2.78 and its 200 day moving average price is C$3.04. The stock has a market capitalization of C$68.25 million, a PE ratio of 51.80 and a beta of 0.97.

Tree Island Steel (TSE:TSL – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.02 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 during the quarter. On average, equities research analysts expect that Tree Island Steel Ltd. will post 0.3627312 earnings per share for the current fiscal year.

Tree Island Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be issued a $0.03 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.12 dividend on an annualized basis and a yield of 4.60%. Tree Island Steel’s dividend payout ratio (DPR) is 240.00%.

Tree Island Steel Company Profile

(Get Free Report)

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.