Is Selling Tree Island Steel Ltd. Here a Winning Strategy?


The stock of Tree Island Steel Ltd. (TSE:TSL) is a huge mover today! About 36,240 shares traded hands. Tree Island Steel Ltd. (TSE:TSL) has risen 80.89% since February 5, 2016 and is uptrending. It has outperformed by 64.40% the S&P500.
The move comes after 9 months negative chart setup for the $179.16 million company. It was reported on Sep, 13 by We have $4.72 PT which if reached, will make TSE:TSL worth $25.08 million less.

Tree Island Steel Ltd. is a Canada-based maker and supplier of wire products for a range of applications. The company has a market cap of $179.16 million. The Firm is engaged in making products from steel wire for a range of clients for industrial, construction, agricultural and specialty applications. It has a 7.25 P/E ratio. The Company’s products include galvanized wire, bright wire, an array of fasteners, including packaged, collated and bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products.

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