Tree Island Steel (TSE:TSL) Hits New 1-Year Low - Should You Sell?

Tree Island Steel Ltd. (TSE:TSL - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$2.45 and last traded at C$2.45, with a volume of 860 shares changing hands. The stock had previously closed at C$2.50.

Tree Island Steel Price Performance

The company has a debt-to-equity ratio of 21.28, a current ratio of 5.14 and a quick ratio of 1.75. The stock has a market capitalization of C$64.90 million, a PE ratio of -25.99 and a beta of 0.96. The company has a 50-day moving average of C$2.70 and a two-hundred day moving average of C$2.86.

Tree Island Steel Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Monday, March 31st. Tree Island Steel's payout ratio is currently -123.77%.

Tree Island Steel Company Profile

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.