Western Forest Products (OTCMKTS:WFSTF) Trading Down 0.5% – Should You Sell?

Western Forest Products Inc. (OTCMKTS:WFSTF) shares were down 0.5% 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.

Analysts Set New Price Targets

Several analysts recently commented on the stock. TD Securities restated a “hold” rating on shares of Western Forest Products in a report on Thursday, February 12th. Scotiabank reiterated a “sector perform” rating on shares of Western Forest Products in a research note on Monday, January 26th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Western Forest Products has an average rating of “Hold”.

Western Forest Products Price Performance

The business has a 50 day simple moving average of $10.50 and a 200 day simple moving average of $9.15.

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.