Resolute Forest Products (TSE:RFP) Shares Cross Below 50-Day Moving Average of $29.43

Resolute Forest Products Inc. (TSE:RFPGet Free Report) (NYSE:RFP)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$29.43 and traded as low as C$28.41. Resolute Forest Products shares last traded at C$29.43, with a volume of 356,513 shares traded.

Resolute Forest Products Price Performance

The company has a market cap of C$2.26 billion, a PE ratio of 3.76 and a beta of 2.65. The company has a debt-to-equity ratio of 16.85, a quick ratio of 1.60 and a current ratio of 2.91. The business has a 50-day moving average of C$29.43.

Resolute Forest Products Company Profile

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Resolute Forest Products Inc, together with its subsidiaries, operates in the forest products industry in the United States, Canada, Mexico, and internationally. The company operates through four segments: Market Pulp, Tissue, Wood Products, and Paper. The Market Pulp segment offers virgin and recycled bleached Kraft pulp, which is used to make a range of consumer products, including tissue, packaging, specialty paper products, diapers, and other absorbent products.

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