Western Forest Products (OTCMKTS:WFSTF) Trading Down 0.5% – Should You Sell?

Western Forest Products Inc. (OTCMKTS:WFSTF) traded down 0.5% on Wednesday . The stock traded as low as $11.8340 and last traded at $11.8630. 5,119 shares were traded during mid-day trading, a decline of 32% from the average session volume of 7,474 shares. The stock had previously closed at $11.92.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. TD Securities reaffirmed a “hold” rating on shares of Western Forest Products in a research report on Thursday, February 12th. Raymond James Financial reaffirmed a “market perform” rating on shares of Western Forest Products in a research report on Thursday, April 23rd. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Western Forest Products has a consensus rating of “Hold”.

Western Forest Products Stock Down 0.5%

The business has a fifty day moving average of $10.80 and a 200 day moving average of $9.94.

About Western Forest Products

Western Forest Products is a Canadian integrated forest products company headquartered in Vancouver, British Columbia. The company specializes in the harvesting, manufacturing and distribution of lumber and other wood products, operating a network of sawmills, remanufacturing facilities and log sort yards on both the British Columbia coast and Vancouver Island. Western Forest manages a diversified fibre portfolio that supports core lumber production as well as specialty lines.

The company’s product suite includes dimensional lumber, engineered wood products such as laminated veneer lumber (LVL), and value-added remanufactured items including mouldings and custom profiles.