CanWel Building Materials Group (TSE:CWX) Stock Passes Below Fifty Day Moving Average of $4.82
CanWel Building Materials Group Ltd (TSE:CWX) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $4.82 and traded as low as $4.69. CanWel Building Materials Group shares last traded at $4.70, with a volume of 33,012 shares.
Several equities analysts have issued reports on CWX shares. Raymond James reaffirmed a “neutral” rating and issued a $35.00 price target on shares of Stantec in a report on Monday, May 13th. National Bank Financial lifted their price target on shares of Yamana Gold from C$3.75 to C$4.00 and gave the stock a “sector perform” rating in a report on Friday, May 10th. Canaccord Genuity cut their price target on shares of Cronos Group from C$17.00 to C$16.00 in a report on Friday, May 10th. Finally, CIBC lifted their price target on shares of NorthWest Health Prop Real Est Inv Trust from C$11.75 to C$12.00 in a report on Monday, May 13th.
The company has a market capitalization of $364.35 million and a PE ratio of 15.67. The company has a quick ratio of 1.06, a current ratio of 2.96 and a debt-to-equity ratio of 146.92. The company’s fifty day simple moving average is C$4.82.
About CanWel Building Materials Group (TSE:CWX)
CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada, Hawaii, and the Western United States. It operates through two segments, Building Materials Distribution and Forestry. The company sells decking and railing; engineered wood products; fasteners and adhesives; foundation; insulation and building envelope; interior finishing; lumber, plywood, OSB, and specialty industrial products; roofing and accessories; treated wood; exterior trim and décor products; welded panels; profiles and colors; fusion stones; exterior products; sidings, panels, shingles, and trims; and security and door ware products.
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