Tree Island Steel (TSE:TSL) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Tree Island Steel Ltd. (TSE:TSL)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$2.98 and traded as high as C$3.11. Tree Island Steel shares last traded at C$3.06, with a volume of 30,800 shares trading hands.

Tree Island Steel Stock Up 3.0 %

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 stock has a market cap of C$80.02 million, a price-to-earnings ratio of 61.20 and a beta of 0.96. The business’s 50 day moving average is C$2.98 and its 200 day moving average is C$2.87.

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.