Western Forest Products (TSE:WEF) Share Price Passes Above 200-Day Moving Average – Time to Sell?

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.

Wall Street Analyst Weigh In

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

Western Forest Products Trading Up 1.1 %

The firm has a 50-day moving average of C$0.42 and a 200-day moving average of C$0.45. The firm has a market capitalization of C$142.54 million, a P/E ratio of -3.26, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The company has a debt-to-equity ratio of 19.61, a quick ratio of 0.73 and a current ratio of 3.04.

About Western Forest Products

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.