Western Forest Products (TSE:WEF) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Western Forest Products Inc. (TSE:WEF - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$12.99 and traded as high as C$15.47. Western Forest Products shares last traded at C$14.71, with a volume of 60,960 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. TD increased their price objective on shares of Western Forest Products from C$16.00 to C$17.00 and gave the stock a "hold" rating in a research report on Thursday, April 16th. Raymond James Financial increased their price objective on shares of Western Forest Products from C$12.00 to C$13.50 and gave the stock a "market perform" rating in a research report on Friday, February 20th. Royal Bank Of Canada increased their price objective on shares of Western Forest Products from C$13.00 to C$14.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 16th. TD Securities increased their price objective on shares of Western Forest Products from C$14.00 to C$16.00 and gave the stock a "hold" rating in a research report on Thursday, February 12th. Finally, Scotiabank increased their price objective on shares of Western Forest Products from C$12.50 to C$18.00 and gave the stock a "sector perform" rating in a research report on Monday, January 26th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of C$15.70.

Western Forest Products Stock Down 2.1%

The company has a market cap of C$155.31 million, a price-to-earnings ratio of -1.95, a price-to-earnings-growth ratio of 0.32 and a beta of 0.16. The firm's 50-day moving average price is C$14.17 and its 200-day moving average price is C$12.99. The company has a debt-to-equity ratio of 12.40, a current ratio of 2.85 and a quick ratio of 0.73.

Western Forest Products (TSE:WEF - Get Free Report) last announced its earnings results on Tuesday, February 10th. The company reported C($1.55) earnings per share for the quarter. The firm had revenue of C$201.90 million during the quarter. Western Forest Products had a negative net margin of 8.09% and a negative return on equity of 15.26%. Sell-side analysts forecast that Western Forest Products Inc. will post 0.004992 earnings per share for the current fiscal year.

About Western Forest Products

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. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company's largest markets and contribute the vast majority of its total revenue.

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