Tree Island Steel (TSE:TSL) Reaches New 52-Week High at $4.26

Shares of Tree Island Steel Ltd. (TSE:TSL) reached a new 52-week high on Thursday . The company traded as high as C$4.26 and last traded at C$4.23, with a volume of 24343 shares trading hands. The stock had previously closed at C$4.12.

The stock has a 50 day moving average price of C$2.94 and a two-hundred day moving average price of C$2.53. The company has a current ratio of 3.14, a quick ratio of 1.08 and a debt-to-equity ratio of 140.18. The company has a market cap of C$121.33 million and a price-to-earnings ratio of 23.15.

Tree Island Steel (TSE:TSL) last posted its quarterly earnings results on Thursday, March 4th. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$54.20 million during the quarter. On average, equities analysts forecast that Tree Island Steel Ltd. will post 0.2316788 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Wednesday, March 31st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Tuesday, March 30th. This is an increase from Tree Island Steel’s previous quarterly dividend of $0.02. Tree Island Steel’s dividend payout ratio (DPR) is presently 44.94%.

In other Tree Island Steel news, Director Theodore Alfred Leja acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 26th. The shares were acquired at an average price of C$3.92 per share, with a total value of C$39,156.48. Following the purchase, the director now owns 30,000 shares of the company’s stock, valued at approximately C$117,469.44. Insiders have purchased a total of 21,000 shares of company stock worth $72,626 in the last ninety days.

Tree Island Steel Company Profile (TSE:TSL)

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers industrial products, such as pulp and unitizing, waste, chain link, upholstery, low carbon, and shaped wires, as well as straight and cut bars; and wirelines for use in the oil industry.

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