Western Forest Products (OTCMKTS:WFSTF) Trading 1.6% Higher – Time to Buy?

Western Forest Products Inc. (OTCMKTS:WFSTFGet Free Report) rose 1.6% during trading on Wednesday . The stock traded as high as $12.45 and last traded at $12.45. 288 shares changed hands during trading, a decline of 96% from the average daily volume of 7,273 shares. The stock had previously closed at $12.2480.

Wall Street Analyst Weigh In

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

View Our Latest Analysis on Western Forest Products

Western Forest Products Stock Performance

The company has a fifty day simple moving average of $12.03 and a two-hundred day simple moving average of $10.95.

Western Forest Products Company Profile

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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.

Further Reading

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