Shares of Western Forest Products Inc. (TSE:WEF - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.39 and last traded at C$0.39, with a volume of 281450 shares. The stock had previously closed at C$0.40.
Analysts Set New Price Targets
Separately, TD Securities cut their price objective on Western Forest Products from C$0.55 to C$0.50 and set a "hold" rating for the company in a research note on Friday, November 8th.
View Our Latest Analysis on WEF
Western Forest Products Price Performance
The stock's fifty day moving average price is C$0.47 and its 200-day moving average price is C$0.46. The firm has a market cap of C$125.12 million, a PE ratio of -2.82, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The company has a debt-to-equity ratio of 18.43, a current ratio of 2.97 and a quick ratio of 0.73.
Western Forest Products (TSE:WEF - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.03) by C($0.03). The business had revenue of C$241.70 million for the quarter, compared to analysts' expectations of C$242.00 million. Western Forest Products had a negative net margin of 4.13% and a negative return on equity of 7.64%. As a group, equities analysts expect that Western Forest Products Inc. will post 0.004992 EPS for the current fiscal year.
About Western Forest Products
(
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Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.
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