Western Forest Products (TSE:WEF) Reaches New 12-Month Low at $0.45

Western Forest Products Inc. (TSE:WEF) reached a new 52-week low on Monday . The company traded as low as C$0.45 and last traded at C$0.46, with a volume of 15057 shares changing hands. The stock had previously closed at C$0.45.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WEF shares. CIBC dropped their target price on Western Forest Products from C$0.65 to C$0.60 in a report on Thursday, May 9th. TD Securities cut their price objective on Western Forest Products from C$0.65 to C$0.60 and set a “hold” rating for the company in a report on Thursday, May 9th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, Western Forest Products has an average rating of “Hold” and a consensus target price of C$0.71.

Western Forest Products Price Performance

The company has a debt-to-equity ratio of 17.90, a current ratio of 3.14 and a quick ratio of 0.73. The firm has a market capitalization of C$142.54 million, a P/E ratio of -2.34, a PEG ratio of 0.32 and a beta of 1.94. The company’s 50 day moving average price is C$0.49 and its 200 day moving average price is C$0.59.

Western Forest Products (TSE:WEF) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C($0.02) EPS for the quarter. The firm had revenue of C$239.50 million during the quarter, compared to the consensus estimate of C$231.00 million. Western Forest Products had a negative net margin of 5.96% and a negative return on equity of 9.90%. As a group, sell-side analysts anticipate that Western Forest Products Inc. will post 0.004992 EPS for the current fiscal year.

About Western Forest Products

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.