Time to Buy Tree Island Steel Ltd. After Today’s Huge Decline?

 Time to Buy Tree Island Steel Ltd. After Today's Huge Decline?

The stock of Tree Island Steel Ltd. (TSE:TSL) is a huge mover today! About 34,923 shares traded hands. Tree Island Steel Ltd. (TSE:TSL) has risen 57.67% since April 12, 2016 and is uptrending. It has outperformed by 52.98% the S&P500.
The move comes after 9 months negative chart setup for the $147.35 million company. It was reported on Nov, 16 by Barchart.com. We have $4.01 PT which if reached, will make TSE:TSL worth $16.21M less.

More 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 the news titled: “Tree Island Steel Executive Announcement” on July 27, 2016. Marketwired.com‘s news article titled: “Tree Island Steel Announces Full Year 2014 Results” with publication date: February 19, 2015 was also an interesting one.

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 $147.35 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 7.07 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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