Western Forest Products (OTCMKTS:WFSTF) Trading Down 0.9% – Should You Sell?

Western Forest Products Inc. (OTCMKTS:WFSTF)’s share price dropped 0.9% on Friday . The company traded as low as $12.31 and last traded at $12.31. 552 shares traded hands during trading, a decline of 92% from the average session volume of 6,542 shares. The stock had previously closed at $12.42.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Western Forest Products in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Western Forest Products Stock Down 0.9%

The stock’s 50 day moving average price is $12.84 and its 200 day moving average price is $11.54.

Western Forest Products Company Profile

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.