Western Forest Products (OTCMKTS:WFSTF) Trading Down 3.2% – Here’s What Happened

Western Forest Products Inc. (OTCMKTS:WFSTF) fell 3.2% on Wednesday . The company traded as low as $11.71 and last traded at $12.0560. Approximately 6,535 shares changed hands during trading, a decline of 10% from the average daily volume of 7,287 shares. The stock had previously closed at $12.45.

Analyst Ratings Changes

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

Western Forest Products Trading Down 3.2%

The stock’s 50 day simple moving average is $11.48 and its 200 day simple moving average is $10.46.

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.