Western Forest Products (TSE:WEF) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Western Forest Products Inc. (TSE:WEF) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.46 and traded as low as C$0.45. Western Forest Products shares last traded at C$0.45, with a volume of 1,172,215 shares traded.

Analyst Upgrades and Downgrades

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

Western Forest Products Stock Performance

The company has a debt-to-equity ratio of 18.43, a quick ratio of 0.73 and a current ratio of 2.97. The firm has a market capitalization of C$134.62 million, a P/E ratio of -3.04, a PEG ratio of 0.32 and a beta of 1.81. The firm has a 50 day simple moving average of C$0.44 and a two-hundred day simple moving average of C$0.46.

Western Forest Products (TSE:WEF) last released its 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 return on equity of 7.64% and a negative net margin of 4.13%. The business had revenue of C$241.70 million for the quarter, compared to the consensus estimate of C$242.00 million. Equities research analysts forecast that Western Forest Products Inc. will post 0.004992 earnings per share for the current year.

Western Forest Products Company Profile

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.