Insider Buying: Tree Island Steel Ltd. (TSE:TSL) Senior Officer Purchases 5,000 Shares of Stock

Tree Island Steel Ltd. (TSE:TSL - Get Free Report) Senior Officer Brian Chi Hong Liu acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of C$3.08 per share, with a total value of C$15,400.00.

Tree Island Steel Price Performance

TSL stock opened at C$3.08 on Thursday. The company has a debt-to-equity ratio of 18.75, a current ratio of 6.15 and a quick ratio of 1.75. Tree Island Steel Ltd. has a 1 year low of C$2.78 and a 1 year high of C$3.70. The company has a 50 day simple moving average of C$3.29 and a 200 day simple moving average of C$3.22. The stock has a market cap of C$83.56 million, a price-to-earnings ratio of 11.41 and a beta of 0.97.

Tree Island Steel (TSE:TSL - Get Free Report) last announced its quarterly earnings results on Thursday, March 14th. The company reported C($0.07) earnings per share (EPS) for the quarter. Tree Island Steel had a net margin of 3.15% and a return on equity of 5.92%. The business had revenue of C$47.34 million during the quarter. Research analysts anticipate that Tree Island Steel Ltd. will post 0.4594595 EPS for the current fiscal year.

Tree Island Steel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 3.90%. The ex-dividend date was Wednesday, March 27th. Tree Island Steel's dividend payout ratio is presently 44.44%.

About Tree Island Steel

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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.

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