Western Forest Products (OTCMKTS:WFSTF) Trading Up 3.5% – What’s Next?

Shares of Western Forest Products Inc. (OTCMKTS:WFSTFGet Free Report) were up 3.5% during mid-day trading on Wednesday . The company traded as high as $8.34 and last traded at $8.34. Approximately 110,466 shares traded hands during trading, an increase of 4,480% from the average daily volume of 2,412 shares. The stock had previously closed at $8.0560.

Wall Street Analyst Weigh In

A number of analysts have commented on WFSTF shares. Scotiabank reissued a “sector perform” rating on shares of Western Forest Products in a report on Monday, August 11th. Raymond James Financial reiterated a “market perform” rating on shares of Western Forest Products in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Read Our Latest Report on Western Forest Products

Western Forest Products Stock Up 3.5%

The company’s 50 day simple moving average is $8.36 and its 200-day simple moving average is $8.69.

Western Forest Products Company Profile

(Get Free Report)

Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.

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