Western Forest Products (TSE:WEF) Reaches New 12-Month Low – What’s Next?

Western Forest Products Inc. (TSE:WEF) reached a new 52-week low on Tuesday . The company traded as low as C$0.40 and last traded at C$0.41, with a volume of 693710 shares trading hands. The stock had previously closed at C$0.42.

Analyst Upgrades and Downgrades

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

Western Forest Products Stock Down 2.4 %

The stock has a 50 day moving average price of C$0.48 and a 200-day moving average price of C$0.47. The stock has a market capitalization of C$128.28 million, a P/E ratio of -2.96, a PEG ratio of 0.32 and a beta of 1.81. The company has a debt-to-equity ratio of 18.43, a current ratio of 2.97 and a quick ratio of 0.73.

Western Forest Products (TSE:WEF) last posted its earnings results on Wednesday, November 6th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.03) by C($0.03). The business had revenue of C$241.70 million during the quarter, compared to the consensus estimate of C$242.00 million. Western Forest Products had a negative return on equity of 7.64% and a negative net margin of 4.13%. As a group, research analysts expect that Western Forest Products Inc. will post 0.004992 EPS for the current fiscal year.

About Western Forest Products

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.