Shares of Western Forest Products Inc. (TSE:WEF - Get Free Report) dropped 2.3% on Friday . The stock traded as low as C$0.43 and last traded at C$0.43. Approximately 569,441 shares were traded during trading, an increase of 49% from the average daily volume of 382,898 shares. The stock had previously closed at C$0.44.
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.
Read Our Latest Stock Report on WEF
Western Forest Products Trading Down 2.3 %
The firm has a market cap of C$136.20 million, a price-to-earnings ratio of -3.07, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The company's 50-day moving average price is C$0.49 and its 200-day moving average price is C$0.47. The company has a quick ratio of 0.73, a current ratio of 2.97 and a debt-to-equity ratio of 18.43.
Western Forest Products (TSE:WEF - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C($0.06) earnings per share for the quarter, missing analysts' consensus estimates of C($0.03) by C($0.03). The company had revenue of C$241.70 million during 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%. Equities analysts expect that Western Forest Products Inc. will post 0.004992 EPS for the current fiscal year.
About Western Forest Products
(
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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