Western Forest Products (TSE:WEF) Reaches New 52-Week Low at $0.52

Western Forest Products Inc. (TSE:WEF - Get Free Report)'s share price reached a new 52-week low on Tuesday . The company traded as low as C$0.52 and last traded at C$0.53, with a volume of 68642 shares. The stock had previously closed at C$0.53.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. CIBC reduced their price target on shares of Western Forest Products from C$0.75 to C$0.65 and set a "neutral" rating for the company in a research note on Thursday, February 15th. Scotiabank set a C$0.80 target price on shares of Western Forest Products and gave the stock a "sector perform" rating in a research note on Monday, January 22nd. Finally, TD Securities reduced their target price on Western Forest Products from C$0.75 to C$0.65 and set a "hold" rating on the stock in a research report on Tuesday, April 16th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, Western Forest Products has a consensus rating of "Hold" and a consensus target price of C$0.73.

Western Forest Products Stock Performance

The stock's 50 day moving average is C$0.60 and its two-hundred day moving average is C$0.66. The company has a debt-to-equity ratio of 18.42, a current ratio of 2.77 and a quick ratio of 0.73. The firm has a market cap of C$171.05 million, a P/E ratio of -2.41, a PEG ratio of 0.32 and a beta of 1.93.

Western Forest Products (TSE:WEF - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported C($0.04) earnings per share for the quarter, beating analysts' consensus estimates of C($0.05) by C$0.01. The business had revenue of C$246.60 million during the quarter. Western Forest Products had a negative net margin of 6.73% and a negative return on equity of 11.50%. As a group, equities analysts predict that Western Forest Products Inc. will post 0.004992 EPS for the current year.

Insider Activity at Western Forest Products

In other Western Forest Products news, Senior Officer Joseph Steven Hofer purchased 100,000 shares of the firm's stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of C$0.63 per share, for a total transaction of C$63,000.00. 0.51% of the stock is currently owned by insiders.

Western Forest Products Company Profile

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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