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

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

Analysts Set New Price Targets

WFSTF has been the subject of a number of analyst reports. Raymond James Financial reissued a “market perform” rating on shares of Western Forest Products in a report on Thursday, April 23rd. TD Securities reissued a “hold” rating on shares of Western Forest Products in a report on Thursday, February 12th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Western Forest Products Trading Down 0.5%

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