Western Forest Products (TSE:WEF) Shares Cross Below 200-Day Moving Average – Should You Sell?

Western Forest Products Inc. (TSE:WEF) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$12.05 and traded as low as C$10.90. Western Forest Products shares last traded at C$11.09, with a volume of 18,890 shares changing hands.

Western Forest Products Stock Performance

The firm has a 50 day moving average price of C$11.47 and a 200-day moving average price of C$12.05. The stock has a market capitalization of C$117.09 million, a PE ratio of -1.80, a PEG ratio of 0.32 and a beta of 0.80. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61.

Western Forest Products (TSE:WEF) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C($5.71) earnings per share for the quarter. Western Forest Products had a negative return on equity of 7.69% and a negative net margin of 4.21%.The business had revenue of C$233.00 million during the quarter. Research analysts expect that Western Forest Products Inc. will post 0.004992 EPS for the current fiscal year.

Insider Activity

In other Western Forest Products news, Director Elizabeth Kernaghan acquired 2,600 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was bought at an average price of C$11.55 per share, for a total transaction of C$30,030.00. Following the acquisition, the director owned 1,791,200 shares in the company, valued at approximately C$20,688,360. The trade was a 0.15% increase in their ownership of the stock. Also, insider Kernwood Limited bought 2,600 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was acquired at an average cost of C$11.55 per share, for a total transaction of C$30,030.00. Following the completion of the purchase, the insider directly owned 1,791,200 shares in the company, valued at approximately C$20,688,360. This represents a 0.15% increase in their ownership of the stock. In the last ninety days, insiders have purchased 84,400 shares of company stock valued at $985,196. 0.67% of the stock is owned by corporate insiders.

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.