Western Forest Products (TSE:WEF) Hits New 12-Month Low – Here’s What Happened

Western Forest Products Inc. (TSE:WEF)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as C$0.39 and last traded at C$0.39, with a volume of 281450 shares. The stock had previously closed at C$0.40.

Analysts Set New Price Targets

Separately, TD Securities decreased their price target on shares of Western Forest Products from C$0.55 to C$0.50 and set a “hold” rating for the company in a research note on Friday, November 8th.

Western Forest Products Stock Performance

The company has a debt-to-equity ratio of 18.43, a current ratio of 2.97 and a quick ratio of 0.73. The company has a fifty day moving average price of C$0.47 and a 200 day moving average price of C$0.46. The stock has a market cap of C$125.12 million, a P/E ratio of -2.82, a P/E/G ratio of 0.32 and a beta of 1.81.

Western Forest Products (TSE:WEF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.03). Western Forest Products had a negative net margin of 4.13% and a negative return on equity of 7.64%. The business had revenue of C$241.70 million for the quarter, compared to the consensus estimate of C$242.00 million. On average, equities analysts expect that Western Forest Products Inc. will post 0.004992 EPS for the current year.

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.