Western Forest Products (TSE:WEF) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Western Forest Products Inc. (TSE:WEF) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.45 and traded as high as C$0.46. Western Forest Products shares last traded at C$0.45, with a volume of 498,261 shares traded.

Analyst Ratings Changes

WEF has been the topic of several recent research reports. Raymond James lowered their target price on shares of Western Forest Products from C$0.60 to C$0.50 in a report on Thursday, January 30th. TD Securities lifted their price objective on shares of Western Forest Products from C$0.50 to C$0.55 and gave the company a “hold” rating in a research note on Tuesday, February 18th.

Western Forest Products Price Performance

The company has a debt-to-equity ratio of 19.61, a current ratio of 3.04 and a quick ratio of 0.73. The stock has a market cap of C$142.54 million, a price-to-earnings ratio of -3.26, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The business’s 50-day simple moving average is C$0.42 and its two-hundred day simple moving average is C$0.45.

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.