Tree Island Steel Ltd. (TSE:TSL – Free Report) stock price fell below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $3.16 and has traded as low as $2.69. Tree Island Steel shares last traded at $2.73 with volume of 10,138 shares changing hands.

Price development of Tree Island Steel

The company has a liquidity ratio of 5.39, a quick ratio of 1.75 and a debt-to-equity ratio of 21.10. The company’s 50-day moving average is C$2.93 and its 200-day moving average is C$3.16. The company has a market capitalization of C$71.39 million, a P/E ratio of 54.60 and a beta of 0.97.

Tree Island Steel announces dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents an annualized dividend of $0.12 and a yield of 4.40%. Tree Island Steel’s dividend payout ratio is currently 240.00%.

About Tree Island Steel

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Tree Island Steel Ltd. manufactures and distributes steel wire and steel wire products in Canada, the United States and internationally. The company offers low carbon and high carbon galvanized steel wire, clean and bare wire for industrial and original equipment manufacturers customers, agricultural products including fencing, barbed wire, galvanized wire and bare wire and other wire products specifically for agriculture, ranching and viticulture, welded concrete reinforcement mesh and other wire products for the heavy construction industry and infrastructure projects, and nails and stucco reinforcement products for residential and light commercial construction.

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