Western Forest Products Inc. (TSE:WEF - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.46 and traded as low as C$0.45. Western Forest Products shares last traded at C$0.45, with a volume of 1,172,215 shares trading hands.
Analysts Set New Price Targets
Separately, TD Securities cut 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 note on Friday, November 8th.
Get Our Latest Stock Analysis on Western Forest Products
Western Forest Products Price Performance
The business's 50 day moving average is C$0.44 and its two-hundred day moving average is C$0.46. The company has a debt-to-equity ratio of 18.43, a quick ratio of 0.73 and a current ratio of 2.97. The firm has a market capitalization of C$134.62 million, a PE ratio of -3.04, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81.
Western Forest Products (TSE:WEF - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of C$242.00 million. Equities research analysts anticipate that Western Forest Products Inc. will post 0.004992 earnings per share for the current fiscal 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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