Western Forest Products (TSE:WEF) Reaches New 52-Week Low – Should You Sell?

Western Forest Products Inc. (TSE:WEF) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.37 and last traded at C$0.38, with a volume of 196019 shares. The stock had previously closed at C$0.40.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Raymond James dropped their target price on Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, January 30th. TD Securities lowered their price objective on shares of 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 Stock Performance

The firm has a market capitalization of C$123.53 million, a price-to-earnings ratio of -2.79, a PEG ratio of 0.32 and a beta of 1.81. The firm has a 50 day moving average price of C$0.42 and a 200-day moving average price of C$0.45. 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 quarterly earnings results on Wednesday, November 6th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.03). Western Forest Products had a negative net margin of 4.13% and a negative return on equity of 7.64%. The company had revenue of C$241.70 million during the quarter, compared to analyst estimates 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 fiscal year.

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.