Western Forest Products Inc. (TSE:WEF - Get Free Report) 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 changing hands.
Wall Street Analyst Weigh In
Several brokerages have weighed in on WEF. Royal Bank Of Canada cut their price target on Western Forest Products from C$0.70 to C$0.50 and set a "sector perform" rating on the stock in a research report on Tuesday, April 22nd. TD Securities dropped their target price on Western Forest Products from C$0.55 to C$0.45 and set a "hold" rating on the stock in a report on Thursday, April 17th. Finally, Raymond James Financial reduced 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.
View Our Latest Stock Analysis on WEF
Western Forest Products Stock Performance
The firm's 50 day moving average price is C$0.40 and its 200-day moving average price is C$0.41. The company has a debt-to-equity ratio of 19.61, a quick ratio of 0.73 and a current ratio of 3.04. The firm has a market capitalization of C$128.28 million, a PE ratio of -2.94, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81.
Insider Transactions at Western Forest Products
In other Western Forest Products news, insider Kernwood Limited acquired 6,356,500 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average cost of C$0.39 per share, for a total transaction of C$2,479,035.00. Insiders purchased a total of 7,451,500 shares of company stock worth $2,901,170 in the last quarter. Corporate insiders own 0.67% of the company's stock.
Western Forest Products Company Profile
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Get Free Report)
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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