Western Forest Products (OTCMKTS:WFSTF) Stock Price Down 3.2% – Should You Sell?

Shares of Western Forest Products Inc. (OTCMKTS:WFSTF) were down 3.2% during mid-day trading on Wednesday . The company traded as low as $11.71 and last traded at $12.0560. 6,535 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 7,287 shares. The stock had previously closed at $12.45.

Wall Street Analyst Weigh In

Separately, Raymond James Financial reissued a “market perform” rating on shares of Western Forest Products in a research report on Thursday, April 23rd. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Western Forest Products Price Performance

The business’s fifty day simple moving average is $11.48 and its 200 day simple moving average is $10.46.

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.