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

 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 18,767 shares traded hands. Tree Island Steel Ltd. (TSE:TSL) has risen 106.13% since March 10, 2016 and is uptrending. It has outperformed by 100.52% the S&P500.
The move comes after 6 months negative chart setup for the $196.76 million company. It was reported on Oct, 17 by Barchart.com. We have $5.51 PT which if reached, will make TSE:TSL worth $25.58M less.

More notable recent Tree Island Steel Ltd. (TSE:TSL) news were published by: Marketwired.com which released: “Tree Island Steel Executive Announcement” on July 27, 2016, also Reuters.com with their article: “BRIEF-Tree Island Steel names Remy Stachowiak as chief operating officer” published on July 27, 2016, Marketwired.com published: “Tree Island Steel Ltd. to Acquire Assets of Irving Wire Products Corporation” on November 10, 2015. More interesting news about Tree Island Steel Ltd. (TSE:TSL) were released by: Theglobeandmail.com and their article: “The Globe and Mail” published on October 04, 2012 as well as Marketwired.com‘s news article titled: “Tree Island Steel Announces Quarterly Dividend” with publication date: September 15, 2016.

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 $196.76 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 8.36 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.

TSL Company Profile

Trina Solar Limited (Trina), incorporated on March 14, 2006, is an integrated solar power products maker and solar system developer based in China with a global distribution network covering Europe, Asia, North America, Australia and Africa. The Firm has integrated the manufacturing of ingots, wafers and solar cells for use in its photovoltaic (PV) module production. The Company’s PV modules provide electric power for residential, commercial, industrial and other applications. The Firm also develops, designs, constructs, operates and sells solar power projects that primarily use the solar modules the Company makes. The Firm operates through two divisions: manufacturing segment and the solar power projects segment. It build its PV modules to general specifications, as well as to its customers’ and end-users’ specifications. The Firm sells and markets its products across the world, including China and the United States. The Firm primarily sells its products to wholesalers, power plant developers and operators, and PV system integrators. The Firm conducts its activities through Changzhou Trina Solar Energy Co., Ltd. (Trina China) and other subsidiaries in the People’s Republic of China (PRC).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment