Tree Island Steel Ltd. (TSE:TSL - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.89 and traded as low as C$2.58. Tree Island Steel shares last traded at C$2.58, with a volume of 10,399 shares.
Tree Island Steel Price 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 has a market capitalization of C$74.27 million, a P/E ratio of 56.60 and a beta of 0.96. The firm's fifty day moving average is C$2.74 and its 200 day moving average is C$2.89.
Tree Island Steel Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.12 annualized dividend and a dividend yield of 4.23%. Tree Island Steel's payout ratio is 240.00%.
Tree Island Steel Company Profile
(
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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.
Further Reading
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