Western Forest Products (OTCMKTS:WFSTF) Shares Up 1.6% – Still a Buy?

Shares of Western Forest Products Inc. (OTCMKTS:WFSTF) traded up 1.6% during trading on Wednesday . The company traded as high as $12.45 and last traded at $12.45. Approximately 288 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 7,273 shares. The stock had previously closed at $12.2480.

Analyst Ratings Changes

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

Western Forest Products Stock Up 1.6%

The company has a fifty day moving average of $11.98 and a 200-day moving average of $10.92.

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.