Western Forest Products (TSE:WEF) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Western Forest Products Inc. (TSE:WEF) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.99 and traded as low as C$10.55. Western Forest Products shares last traded at C$10.69, with a volume of 6,352 shares trading hands.

Western Forest Products Price Performance

The company has a debt-to-equity ratio of 19.61, a current ratio of 3.04 and a quick ratio of 0.73. The company has a 50 day moving average price of C$11.29 and a 200 day moving average price of C$11.99. The firm has a market cap of C$112.87 million, a PE ratio of -1.73, a PEG ratio of 0.32 and a beta of 0.80.

Western Forest Products (TSE:WEF) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C($5.71) earnings per share for the quarter. The firm had revenue of C$233.00 million during the quarter. Western Forest Products had a negative net margin of 4.21% and a negative return on equity of 7.69%. Sell-side analysts expect that Western Forest Products Inc. will post 0.004992 EPS for the current fiscal year.

Insider Transactions at Western Forest Products

In other Western Forest Products news, insider Kernwood Limited acquired 9,600 shares of the stock in a transaction on Monday, November 3rd. The shares were bought at an average price of C$11.70 per share, with a total value of C$112,320.00. Following the acquisition, the insider owned 1,770,900 shares of the company’s stock, valued at C$20,719,530. This trade represents a 0.55% increase in their ownership of the stock. Also, Director Elizabeth Kernaghan bought 9,600 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of C$11.70 per share, for a total transaction of C$112,320.00. Following the transaction, the director directly owned 1,770,900 shares in the company, valued at C$20,719,530. This trade represents a 0.55% increase in their position. Over the last quarter, insiders have bought 84,400 shares of company stock worth $985,196. Company insiders own 0.67% of the company’s stock.

Western Forest Products Company Profile

Western Forest Products Inc is a Canada-based softwood forest products company. The company’s principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company’s largest markets and contribute the vast majority of its total revenue.