Western Forest Products (TSE:WEF) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Western Forest Products Inc. (TSE:WEF)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.45 and traded as high as C$0.45. Western Forest Products shares last traded at C$0.44, with a volume of 245,369 shares traded.

Analyst Ratings Changes

Several research firms have weighed in on WEF. Raymond James cut their target price on Western Forest Products from C$0.60 to C$0.50 in a report on Thursday, January 30th. TD Securities boosted their target price 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.

Western Forest Products Stock Performance

The company has a debt-to-equity ratio of 19.61, a quick ratio of 0.73 and a current ratio of 3.04. The stock’s 50-day simple moving average is C$0.43 and its two-hundred day simple moving average is C$0.45. The stock has a market cap of C$136.20 million, a price-to-earnings ratio of -3.12, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81.

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.