Shares of Western Forest Products Inc. (TSE:WEF - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as C$0.37 and last traded at C$0.38, with a volume of 196019 shares. The stock had previously closed at C$0.40.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on WEF shares. Raymond James cut their price objective on Western Forest Products from C$0.60 to C$0.50 in a report on Thursday, January 30th. TD Securities reduced their price target on Western Forest Products from C$0.55 to C$0.50 and set a "hold" rating for the company in a research report on Friday, November 8th.
View Our Latest Analysis on Western Forest Products
Western Forest Products Trading Down 3.8 %
The business has a 50 day moving average of C$0.42 and a two-hundred day moving average of C$0.45. The company has a current ratio of 2.97, a quick ratio of 0.73 and a debt-to-equity ratio of 18.43. The firm has a market cap of C$120.37 million, a P/E ratio of -2.71, a PEG ratio of 0.32 and a beta of 1.81.
Western Forest Products (TSE:WEF - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported C($0.06) earnings per share for the quarter, missing the consensus estimate of C($0.03) by C($0.03). Western Forest Products had a negative return on equity of 7.64% and a negative net margin of 4.13%. The firm had revenue of C$241.70 million for the quarter, compared to analyst estimates of C$242.00 million. Analysts predict that Western Forest Products Inc. will post 0.004992 earnings per share for the current year.
Western Forest Products Company Profile
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Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.
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