Western Forest Products (OTCMKTS:WFSTF) Shares Down 0.9% – What’s Next?

Western Forest Products Inc. (OTCMKTS:WFSTF) shares dropped 0.9% during trading on Friday . The company traded as low as $12.31 and last traded at $12.31. Approximately 552 shares were traded during mid-day trading, a decline of 92% from the average session volume of 6,542 shares. The stock had previously closed at $12.42.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Western Forest Products in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Western Forest Products currently has an average rating of “Hold”.

Western Forest Products Price Performance

The business’s fifty day simple moving average is $12.84 and its two-hundred day simple moving average is $11.54.

About Western Forest Products

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.