Shares of Western Forest Products Inc. (TSE:WEF - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.45 and traded as high as C$0.45. Western Forest Products shares last traded at C$0.44, with a volume of 222,973 shares changing hands.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on WEF shares. Raymond James decreased their price target on Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, January 30th. TD Securities raised their target price on Western Forest Products from C$0.50 to C$0.55 and gave the company a "hold" rating in a research report on Tuesday, February 18th.
Get Our Latest Report on WEF
Western Forest Products Stock Down 1.1 %
The stock's 50-day moving average price is C$0.43 and its two-hundred day moving average price is C$0.45. The company has a current ratio of 3.04, a quick ratio of 0.73 and a debt-to-equity ratio of 19.61. The stock has a market capitalization of C$136.20 million, a P/E ratio of -3.12, a P/E/G ratio of 0.32 and a beta of 1.81.
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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