Western Forest Products Inc. (TSE:WEF - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.41 and traded as high as C$0.41. Western Forest Products shares last traded at C$0.40, with a volume of 75,872 shares.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on WEF. Raymond James Financial dropped their price target on Western Forest Products from C$0.50 to C$0.40 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. TD Securities lowered their price target on Western Forest Products from C$0.55 to C$0.45 and set a "hold" rating for the company in a report on Thursday, April 17th. Finally, Royal Bank Of Canada decreased their price target on Western Forest Products from C$0.70 to C$0.50 and set a "sector perform" rating for the company in a research note on Tuesday, April 22nd.
Get Our Latest Analysis on Western Forest Products
Western Forest Products Stock Down 2.5%
The stock has a market capitalization of C$125.11 million, a price-to-earnings ratio of -2.86, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61. The firm has a 50-day moving average of C$0.40 and a two-hundred day moving average of C$0.41.
Insiders Place Their Bets
In other news, insider Kernwood Limited bought 6,356,500 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were bought at an average cost of C$0.39 per share, with a total value of C$2,479,035.00. Insiders acquired 7,451,500 shares of company stock worth $2,901,170 over the last quarter. 0.67% of the stock is currently owned by insiders.
About Western Forest Products
(
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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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