Western Forest Products (TSE:WEF) Sets New 12-Month Low – Time to Sell?

Western Forest Products Inc. (TSE:WEF) reached a new 52-week low during trading on Monday . The stock traded as low as C$0.37 and last traded at C$0.38, with a volume of 301487 shares. The stock had previously closed at C$0.38.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Raymond James dropped their price target on Western Forest Products from C$0.60 to C$0.50 in a research note on Thursday, January 30th. TD Securities decreased their price target on shares of Western Forest Products from C$0.55 to C$0.45 and set a “hold” rating for the company in a research note on Thursday.

Western Forest Products Stock Performance

The stock has a market cap of C$118.78 million, a price-to-earnings ratio of -2.72, a P/E/G ratio of 0.32 and a beta of 1.81. The company’s fifty day simple moving average is C$0.43 and its two-hundred day simple moving average is C$0.44. The company has a debt-to-equity ratio of 19.61, a current ratio of 3.04 and a quick ratio of 0.73.

About Western Forest Products

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.