Western Forest Products (OTCMKTS:WFSTF) Shares Down 0.5% – Here’s What Happened

Western Forest Products Inc. (OTCMKTS:WFSTF)’s stock price was down 0.5% during mid-day trading on Thursday . The company traded as low as $10.52 and last traded at $10.52. Approximately 2,863 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 8,063 shares. The stock had previously closed at $10.57.

Analyst Ratings Changes

A number of research analysts have recently commented on WFSTF shares. Scotiabank reaffirmed a “sector perform” rating on shares of Western Forest Products in a research note on Monday, January 26th. TD Securities restated a “hold” rating on shares of Western Forest Products in a report on Thursday, February 12th. Four 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 1.9%

The stock has a fifty day moving average price of $10.51 and a 200-day moving average price of $9.16.

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.