Taiga Building Products (TSE:TBL) Trading Up 2.2% – Time to Buy?

Taiga Building Products Ltd. (TSE:TBL)’s share price shot up 2.2% on Monday . The stock traded as high as C$3.80 and last traded at C$3.80. 9,512 shares changed hands during trading, an increase of 4% from the average session volume of 9,160 shares. The stock had previously closed at C$3.72.

Taiga Building Products Trading Up 2.2 %

The company has a market capitalization of C$410.17 million, a price-to-earnings ratio of 7.04 and a beta of 0.77. The firm has a 50-day moving average price of C$3.78 and a 200-day moving average price of C$3.72. The company has a current ratio of 3.73, a quick ratio of 1.51 and a debt-to-equity ratio of 23.02.

Taiga Building Products (TSE:TBL) last issued its earnings results on Monday, August 12th. The company reported C$0.13 earnings per share (EPS) for the quarter. Taiga Building Products had a return on equity of 14.06% and a net margin of 3.49%. The business had revenue of C$427.82 million for the quarter.

Taiga Building Products Company Profile

Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States. It offers dimension lumber; panel products, such as plywood, particle board, and oriented strand board products; and allied and treated products, such as roofing materials, moldings, composite decking, and polyethylene sheeting products, as well as batt and foam insulation, flooring, and engineered and treated wood products.