Tree Island Steel (TSE:TSL) Shares Cross Below Two Hundred Day Moving Average - Time to Sell?

Tree Island Steel Ltd. (TSE:TSL - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.88 and traded as low as C$2.88. Tree Island Steel shares last traded at C$2.90, with a volume of 4,905 shares trading hands.

Tree Island Steel Stock Performance

The stock has a market capitalization of C$72.88 million, a PE ratio of -29.19 and a beta of 0.96. The firm's fifty day moving average is C$2.95 and its 200-day moving average is C$2.88. The company has a current ratio of 5.14, a quick ratio of 1.75 and a debt-to-equity ratio of 21.28.

About Tree Island Steel

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.