Western Forest Products (TSE:WEF) Hits New 52-Week Low – Here’s Why

Western Forest Products Inc. (TSE:WEF) shares hit 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 trading hands. The stock had previously closed at C$0.40.

Analyst Upgrades and Downgrades

Separately, TD Securities lowered their price objective on 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 Price Performance

The company has a current ratio of 2.97, a quick ratio of 0.73 and a debt-to-equity ratio of 18.43. The company’s 50-day moving average price is C$0.46 and its two-hundred day moving average price is C$0.46. The company has a market cap of C$123.53 million, a P/E ratio of -2.79, a P/E/G ratio of 0.32 and a beta of 1.81.

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 firm had revenue of C$241.70 million for the quarter, compared to the consensus estimate of C$242.00 million. As a group, sell-side analysts expect 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 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.