Western Forest Products (TSE:WEF) Shares Cross Below 200 Day Moving Average – What’s Next?

Western Forest Products Inc. (TSE:WEF) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.45 and traded as low as C$0.39. Western Forest Products shares last traded at C$0.39, with a volume of 88,520 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WEF shares. TD Securities reduced their price target on Western Forest Products from C$0.55 to C$0.50 and set a “hold” rating on the stock in a research report on Friday, November 8th. Raymond James reduced their target price on Western Forest Products from C$0.60 to C$0.50 in a report on Thursday, January 30th.

Western Forest Products Price Performance

The company’s 50-day moving average is C$0.42 and its 200-day moving average is C$0.45. The firm has a market cap of C$121.95 million, a price-to-earnings ratio of -2.75, a price-to-earnings-growth 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 Company Profile

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.