Tree Island Steel (TSE:TSL) Stock Passes Above 50-Day Moving Average – Should You Sell?

Shares of Tree Island Steel Ltd. (TSE:TSL) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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 changing hands.

Tree Island Steel Trading Up 3.0 %

The company has a current ratio of 5.39, a quick ratio of 1.75 and a debt-to-equity ratio of 21.10. The company has a market capitalization of C$80.02 million, a price-to-earnings ratio of 61.20 and a beta of 0.96. The firm has a 50-day moving average price of C$2.98 and a 200-day moving average price of C$2.87.

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.