Western Forest Products (TSE:WEF) Reaches New 12-Month Low – Here’s Why

Western Forest Products Inc. (TSE:WEF)’s stock price 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 196019 shares. The stock had previously closed at C$0.40.

Wall Street Analysts Forecast Growth

WEF has been the topic of a number of research analyst reports. Raymond James lowered 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 lowered their target price on shares of Western Forest Products from C$0.55 to C$0.50 and set a “hold” rating on the stock in a research note on Friday, November 8th.

Western Forest Products Trading Up 2.6 %

The company has a current ratio of 2.97, a quick ratio of 0.73 and a debt-to-equity ratio of 18.43. The firm has a market capitalization of C$123.53 million, a price-to-earnings ratio of -2.79, a PEG ratio of 0.32 and a beta of 1.81. The company has a fifty day moving average price of C$0.42 and a two-hundred day moving average price of C$0.45.

Western Forest Products (TSE:WEF) last issued its earnings results on Wednesday, November 6th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.03) by C($0.03). Western Forest Products had a negative net margin of 4.13% and a negative return on equity of 7.64%. The company had revenue of C$241.70 million during the quarter, compared to analysts’ expectations of C$242.00 million. As a group, research analysts forecast that Western Forest Products Inc. will post 0.004992 earnings per share for the current fiscal year.

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.