Western Forest Products Inc. (TSE:WEF - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.48 and traded as high as C$0.53. Western Forest Products shares last traded at C$0.49, with a volume of 1,287,124 shares changing hands.
Analyst Upgrades and Downgrades
WEF has been the topic of a number of recent analyst reports. TD Securities dropped their price objective on Western Forest Products from C$0.60 to C$0.50 in a report on Tuesday, July 23rd. Royal Bank of Canada dropped their price target on Western Forest Products from C$0.80 to C$0.70 in a research note on Thursday, July 11th. Finally, CIBC dropped their price target on Western Forest Products from C$0.60 to C$0.50 in a research note on Thursday, July 18th.
Get Our Latest Stock Analysis on Western Forest Products
Western Forest Products Stock Down 6.1 %
The business has a 50 day moving average of C$0.49 and a 200-day moving average of C$0.48. The stock has a market cap of C$145.71 million, a PE ratio of -3.29, a P/E/G ratio of 0.32 and a beta of 1.81. The company has a current ratio of 2.97, a quick ratio of 0.73 and a debt-to-equity ratio of 18.43.
Western Forest Products (TSE:WEF - Get Free Report) last announced its 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 net margin of 4.13% and a negative return on equity of 7.64%. The company had revenue of C$241.70 million during the quarter, compared to analysts' expectations of C$242.00 million. Equities research analysts predict that Western Forest Products Inc. will post 0.004992 EPS for the current fiscal year.
Western Forest Products Company Profile
(
Get Free Report)
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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