Tree Island Steel Ltd. Declines Again; Strong Momentum for Sellers

 Tree Island Steel Ltd. Declines Again; Strong Momentum for Sellers

The stock of Tree Island Steel Ltd. (TSE:TSL) is a huge mover today! About 125,804 shares traded hands or 144.24% up from the average. Tree Island Steel Ltd. (TSE:TSL) has risen 42.99% since March 31, 2016 and is uptrending. It has outperformed by 41.90% the S&P500.
The move comes after 7 months negative chart setup for the $131.40 million company. It was reported on Nov, 4 by Barchart.com. We have $3.78 PT which if reached, will make TSE:TSL worth $15.77M less.

More important recent Tree Island Steel Ltd. (TSE:TSL) news were published by: Marketwired.com which released: “Tree Island Steel Ltd. to Acquire Assets of Irving Wire Products Corporation” on November 10, 2015, also Marketwired.com published article titled: “Tree Island Steel Executive Announcement”, Marketwired.com published: “Tree Island Steel Announces Full Year 2014 Results” on February 19, 2015. More interesting news about Tree Island Steel Ltd. (TSE:TSL) was released by: Valuewalk.com and their article: “Guy Gottfried At Capitalize For Kids: Long Tree Island Steel” with publication date: October 23, 2014.

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 $131.40 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 5.67 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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